Herrmann, Markus; Nkuiya, Bruno; Dussault, Anne-Renée - Centre de recherche en économie de l'environnement, de … - 2013
We analyze a monopolist’s incentive to innovate a new antibiotic which is connected to the same pool of antibiotic treatment efficacy as is another drug produced by a generic industry. We outline the differences of antibiotic use under market conditions and in the social optimum. A time and...