Cook, Joseph; Golec, Joseph; Vernon, John; Pink, George - In: International Journal of the Economics of Business 18 (2011) 2, pp. 225-238
Drug innovation relies on cumulative, path-dependent, incremental research and development (R&D). In oncology, path-dependence may not be along a single dimension, such as steadily improving efficacy or survival against a given endpoint in the same population, but innovation builds on itself....