Frech, Henry Edward; Pauly, Mark V.; Comanor, William S.; … - National Bureau of Economic Research - 2023
In his Labor Day address, President Biden stated that the U.S. "has the highest drug prices in the world, and there is …A commonly held theory presumes that drug companies in the U.S set prices for patented drugs at profit- maximizing … levels that fund and incentivize substantial research and development efforts. In contrast, in the rest of the world (ROW …
