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Active ingredients : exploring the key factors affecting the rising cost of developing new drugs

Fossett, Sarah J.; Wunnava, Phanindra V. - 2017

What makes prescription drugs cost so much? The media and Congress say it is corporate greed, while pharmaceutical firms blame federal regulations and an expensive drug development process. This study focuses on R & D (R&D) expenditures at global pharmaceutical firms and explores the driving...

Persistent link: https://www.econbiz.de/10011670851

The economics behind the epidemic : Afghan opium price and prescription opioids in the US

Deiana, Claudio; Giua, Ludovica; Nisticò, Roberto - 2019

We investigate the effect of variations in the price of opium in Afghanistan on per capita dispensation of prescription opioids in the US. Quarterly county-level data for 2003-2016 indicate that reductions in opium prices significantly increase the quantity of opioids prescribed. The increase...

Persistent link: https://www.econbiz.de/10012153296

What drives innovation? : lessons from COVID-19 R&D

Agarwal, Ruchir; Gaulé, Patrick - 2021

To examine the drivers of innovation, this paper studies the global R&D effort to fight the deadliest diseases and … innovation can be very large, as demonstrated by aggregate flow of clinical trials increasing by 38% in 2020, with limited … economists are naturally in favor of market size as a driving force for innovation (i.e."if the market size is sufficiently large …

Persistent link: https://www.econbiz.de/10012430944

The hidden costs of choice in the labor market

Au, Pak Hung; Li, King King; Zhang, Qing; Zhu, Rong - 2023

Freedom of choice is often thought to improve efficiency. We experimentally investigate the effect of giving workers a choice between compensation schemes with and without a CSR component (CSR/NoCSR) on labor market participation decision and work performance, compared to the alternative of...

Persistent link: https://www.econbiz.de/10014431787

Women in the workplace and management practices : theory and evidence

Kato, Takao; Kodama, Naomi - 2017

We review recent studies on management practices and their consequences for women in the workplace. First, the High Performance Work System (HPWS) is associated with greater gender diversity in the workplace while there is little evidence that the HPWS reduces the gender pay gap. Second,...

Persistent link: https://www.econbiz.de/10011664389

The determinants of virtue : modelling changes in the CSR ratings of Chinese firms

Wu, Shuangqi; Appleton, Simon; Song, Lina; Jinming, Wang - 2017

Most empirical studies on Corporate Social Responsibility (CSR) use cross-sectional data or case studies, making causality hard to establish. We overcome this limitation by using panel data on Chinese firms. We find no effect of last year's profits on CSR ratings, although their negative...

Persistent link: https://www.econbiz.de/10011762251

The power of the little blue pill : innovations and implications of life style drugs in an aging population

LaRiviere, Jacob; Wolff, Hendrik - 2014

The launch of Viagra in April 1998 led to a historically unprecedented high usage of erectile dysfunction (ED) drugs. We test whether Viagra's introduction significantly influenced outcomes for its target population such as STD rates of older men, as well as its non-target populations, such as...

Persistent link: https://www.econbiz.de/10010369752

Are employees better off in socially responsible firms?

Tamm, Katrin; Eamets, Raul; Mõtsmees, Pille - 2010

The growing awareness of the issue of corporate social responsibility (CSR) has raised the questions about how responsible behavior of firms would impact employees' well-being. This paper investigates the link between corporate social responsibility and job satisfaction, which is a more widely...

Persistent link: https://www.econbiz.de/10009315293

Social incentives matter : evidence from an online real effort experiment

Tonin, Mirco; Vlassopoulos, Michael - 2012

Contributing to a social cause can be an important driver for workers in the public and non-profit sector as well as in firms that engage in Corporate Social Responsibility activities. This paper compares the effectiveness of social incentives to financial incentives using an online real effort...

Persistent link: https://www.econbiz.de/10009568592

Determinants of managerial values on corporate social responsibility : evidence from China

Zu, Liangrong (contributor); Song, Lina (contributor) - 2008

This paper empirically investigates how Chinese executives and managers perceive and interpret corporate social responsibility (CSR), to what extent firms' productive characteristics influence managers' attitudes towards their CSR rating, and whether their values in favour of CSR are positively...

Persistent link: https://www.econbiz.de/10003688795