Journal article
Agency Theory, Drug Formularies, and Drug Product Selection: Implications for Public Policy
Journal of public policy & marketing, Vol.17(2), pp.287-295
09/1998
DOI: 10.1177/074391569801700211
Abstract
The authors describe the pharmaceutical utilization system and present the conceptual framework for agency theory. They then apply agency theory to the selection of pharmaceuticals and the role of drug formularies in drug selection. The use of drug formularies can increase the goal conflict and uncertainty related to the selection of drug products. The authors address public policy and research directions to suggest ways of reducing the level of goal conflict and uncertainty associated with drug selection. Recognition of agency relationships and the environment surrounding agency relationships appear to be important for the development and analysis of future policy regarding selection decisions pertaining to pharmaceuticals.
Details
- Title: Subtitle
- Agency Theory, Drug Formularies, and Drug Product Selection: Implications for Public Policy
- Creators
- David A. Mott - University of Wisconsin–MadisonJon C. Schommer - The Ohio State UniversityWilliam R. Doucette - University of IowaDavid H. Kreling - University of Wisconsin–Madison
- Resource Type
- Journal article
- Publication Details
- Journal of public policy & marketing, Vol.17(2), pp.287-295
- DOI
- 10.1177/074391569801700211
- ISSN
- 0743-9156
- eISSN
- 1547-7207
- Language
- English
- Date published
- 09/1998
- Academic Unit
- Pharmacy Practice and Science
- Record Identifier
- 9984365902202771
Metrics
13 Record Views