Dubois, Pierre; de Mouzon, Olivier; Scott Morton, Fiona; … - Toulouse School of Economics (TSE) - 2011
%. An elasticity below 1 is also a plausible implication of the hypothesis that innovation in pharmaceuticals is becoming …This paper quantifies the relationship between market size and innovation in the pharmaceutical industry using improved …, and newer, methods and data. We find positive significant elasticities of innovation to expected market size with a point …