Cockburn, Iain; Lanjouw, Jean O.; Schankerman, Mark - London School of Economics (LSE) - 2014
extensive patent protection accelerates it. Health policy institutions, and economic and demographic factors that make markets … more profitable, also speed up diffusion. The effects are robust to using instruments to control for endogeneity of policy … regimes. The results point to an important role for patents and other policy choices in driving the diffusion of new …