To control Medicaid's increasing expenditure on reimbursement of outpatient prescription drugs, the Omnibus Budget Reconciliation Act of 1990 included a rebate program that featured a most favored customer (MFC) clause. This clause guarantees that Medicaid gets a fixed rebate on each unit of...

Recent empirical contributions emphasize the importance of (potential) market size for the development of new pharmaceuticals. At the same time many scholars point out the importance of of scientific advances for the industry's R&D activities. Against this background I analyze the relationship...

Seit Beginn des 21. Jahrhunderts hat sich das Bewusstsein der Konsumenten und potentiellen Patienten hinsichtlich der Gesundheit in Deutschland dramatisch verändert. Der individuelle Lebensstil der Menschen in der heutigen Gesellschaft fordert - unterstützt durch den rasanten Fortschritt von...