level of self-protection. As an empirical example of this externality, we analyze the innovation induced by the obesity … epidemic. Obesity is associated with an increase in the incidence of many diseases. The induced innovation hypothesis is that … associations between obesity and disease incidence. We then show that if these associations are causal and the pharmaceutical …

level of self-protection. As an empirical example of this externality, we analyze the innovation induced by the obesity … epidemic. Obesity is associated with an increase in the incidence of many diseases. The induced innovation hypothesis is that … associations between obesity and disease incidence. We then show that if these associations are causal and the pharmaceutical …

As an empirical example of this externality, we analyze the innovation induced by the obesity epidemic. Obesity is …We first estimate the associations between obesity and disease incidence. We then show that if these associations are … causal and the pharmaceutical reward system is optimal the magnitude of the induced innovation externality of obesity roughly …