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To examine the drivers of innovation, this paper studies the global R&D effort to fight the deadliest diseases and presents four results. We find: (1) global pharmaceutical R&D activity - measured by clinical trials - typically follows the 'law of diminishing efforts': i.e. the elasticity of R&D...
Persistent link: https://www.econbiz.de/10012430944
We study the effects of a change in the way patient reimbursements are calculated on the prices of pharmaceuticals …
Persistent link: https://www.econbiz.de/10010467805
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
Demand for air quality depends on health impacts and defensive investments that improve health, but little research …
Persistent link: https://www.econbiz.de/10009788835
We study effects of a firm's attempt to optimize an existing incentive scheme to increase sales growth for direct store delivery workers. Before optimization workers reported Ratchet Effects that lowered productivity. The altered incentive plan offered higher compensation for increased sales...
Persistent link: https://www.econbiz.de/10009422194
We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported … percentage points. These results imply a role for aggregate demand stabilization policy to buffer the economic consequences of …
Persistent link: https://www.econbiz.de/10012259571
own-price elasticity of quantity demand for soda of between -1.0 and -1.3. These estimates ignore consumer responses on … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity … demand is just -0.2 to -0.3, so tax-induced soda price increases might cut average weights by less than one pound, which is …
Persistent link: https://www.econbiz.de/10011647675
We discuss changes in the demand for paid sex accompanying the criminalization of prostitution in the United Kingdom … Lifestyles (Natsal2, conducted in 2000-2001 and Natsal3, conducted in 2010-2012) to illustrate the changes in demand that have … taken place across the two waves. We do not find demand decreasing in our sample and find a shift in the composition of …
Persistent link: https://www.econbiz.de/10012022726
Persistent link: https://www.econbiz.de/10001948621
that a larger part-time employment share leads to greater firm productivity. Additional data on the timing of labor demand …-employee data ; allocation of labor ; timing of labor demand …
Persistent link: https://www.econbiz.de/10009124147