This paper examines the relationship between drug price and drug quality and how it varies across two of the most … drug quality, measured through ex-post efficacy. The theoretical analysis provides two main results. First, MES regime … high-low quality drug prices. The empirical analysis based on US and Italian data corroborates these results …

using detailed mortality statistics and exploiting its sharply-timed introduction in Italy after World War II. We find … penicillin reduced both the mean and standard deviation of infectious diseases mortality, leading to substantial convergence … across disparate regions of Italy. Our results do not appear to be confounded by competing risks or mortality patterns …

This paper examines the relationship between drug price and drug quality and how it varies across two of the most …

using detailed mortality statistics and exploiting its sharply-timed introduction in Italy after World War II. We find … penicillin reduced both the mean and standard deviation of infectious diseases mortality, leading to substantial convergence … across disparate regions of Italy. Our results do not appear to be confounded by competing risks or mortality patterns …

patients who received therapy, drug dosing, and frequency of testing for side effects, as well as patient adherence to therapy …

This paper examines the relationship between drug price and drug quality and how it varies across two of the most …