This paper investigates the effect of (potential) market size on entry of new drugs and pharmaceutical innovation …

This paper investigates the effect of (potential) market size on entry of new drugs and pharmaceutical innovation …

This paper investigates the effect of (potential) market size on entry of new drugs and pharmaceutical innovation …

innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …

prescription drug expenditure by the elderly. Correspondingly, we also find no evidence of a shift in pharmaceutical innovation … the hypothesis that Medicare had a major effect on the direction of pharmaceutical innovation …

prescription drug expenditure by the elderly. Correspondingly, we also find no evidence of a shift in pharmaceutical innovation … the hypothesis that Medicare had a major effect on the direction of pharmaceutical innovation …