Empirical studies suggest that entry of generic competitors results in minimal decreases or even increases in brand …-name drug prices as well as sharp declines in brand-name advertising. This paper examines circumstances under which this … empirical pattern could be observed. The analysis focuses on models where the demand for brand-name pharmaceuticals is divided …

pharmaceutical product sales data for India with a newly gathered dataset of molecule-linked patents issued by the Indian patent … office. Exploiting variation in the timing of patent decisions, we estimate that a molecule receiving a patent experienced an … by just one firm when the patent system began. Our results also show little impact on quantities sold or on the number of …

consumption effects, e.g. the analysis of the welfare effects of patent regulations. This paper analyzes the joint problem of the …

This paper studies how patent rights and price regulation affect how fast new drugs are launched in different countries … duration and content of patent and price control regimes. Price regulation strongly delays launch, while longer and more … extensive patent protection accelerates it. Health policy institutions, and economic and demographic factors that make markets …

patent rights on branded prescription drugs are eliminated for both existing and future prescription drugs without … compensation to the patent holders. The question of whether this policy maximizes consumer welfare cannot be resolved on an a …

affects prices to retail pharmacies, plausibly because uncertain quality leads to competition on brand rather than price …