New England Journal of Medicine · 1985 · 60 citations · 3 references
BusinessMarketingPharmaceutical PolicyAdvertisingConsumer LawConsumer ProtectionAdvertising ComplianceAdvertising LawDrug AdvertisingPharmaceutical MarketingPrescription Drug PolicyRegulatory Issues In AdvertisingConsumer Advertising RestrictionsDirect-to-consumer Drug AdvertisingDirect-to-consumer Pharmaceutical AdvertisingFood And Drug Administration Advertising RegulationPharmaceutical Advertising RegulationPharmaceutical Marketing RegulationPrescription Drug AdvertisingRegulation Of Drug Advertising
Prescription drugs are seldom advertised directly to consumers, partly because of strict regulation by the Food and Drug Administration. In fact, there has been a moratorium on direct consumer advertising since 1983. The two types of consumer advertising permitted as exceptions to the moratorium are circumscribed in such a way as to weaken greatly the incentive to advertise. Even before the moratorium, the requirement that the ads include a "fair balance" of information about effectiveness, side effects, and contraindications1 made advertising very costly. Thus, public policy has consistently opposed the routine advertising of prescription drugs to consumers.This policy is . public policy is . . .
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The Effect of Advertising on the Price of Eyeglasses
Lee Benham · The Journal of Law and Economics · 1972 · 367 citations
Does Advertising Lower Consumer Prices?
Robert L. Steiner · Journal of Marketing · 1973 · 48 citations