consumers. We find that income redistribution from rich to poor increases the quality of the medical innovation, reduces its … ; Innovation ; Income Redistribution …

necessary to move an innovation to market, without any guarantee of product reimbursement, the financial risk is very high … weight-adjusted cost of capital, implying healthcare R&D is economically unattractive. The outcome is that the objectives of … facilitate better decision making, clearer trust as the innovation changes hands up the value chain, and eventually better and …

general equilibrium effects dampen strongly the increase in health care usage following medical innovation. Moreover, an …

understanding of the role of medical innovation in this process. Specifically, what are the causal effects of medical innovation on … medical innovation and test the model’s implications empirically. We show that a causal pathway from medical innovation to … following way: in early stages of development, medical innovation does not have a positive effect on economic growth, whereas in …