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pandemic; and more specifically for competition authorities, as demonstrated for example by the role innovation played in the … innovation debate, notably in the pharmaceutical industry, by giving an overview on firm and market-level incentives to carry out … research and development (R&D). Understanding these innovation incentives is relevant for a proper competition assessment where …
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far behind the innovative manufacturing found in other industries. This lack of innovation in drug manufacturing stands in … stark contrast to the innovation present in drug discovery. Drug discovery is the focus of a calibrated innovation policy … dollars and in human lives. This article addresses the previously underappreciated role of manufacturing in innovation studies …
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New drug therapies may deliver many social and economic benefits, but current levels of innovation across diseases may …
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The Covid-19 pandemic is estimated to have caused over 7 million deaths and reduced economic output by over $13 trillion to date. While vaccines were developed and deployed with unprecedented speed, pre-pandemic investments could have accelerated their widespread introduction, saving millions of...
Persistent link: https://www.econbiz.de/10013435127
We derive the optimal funding mechanism to incentivize development and production of vaccines against diseases with epidemic potential. In the model, suppliers' costs are private information and investments are noncontractible, precluding cost-reimbursement contracts, requiring fixed-price...
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