Abstract: Während technischer Fortschritt prinzipiell als wohlfahrtserhöhend gilt, ist seine Rolle im Gesundheitswesen weniger eindeutig. Zwar verbessert er Lebensqualität und -erwartung, ist aber auch eine wichtige Ursache steigender Gesundheitsausgaben. Die Arbeit zeigt Wege zu einem...

Innovative products form the foundation for the international success of electromedical technology in Germany. This is shown both in the strong sales achieved by the German medical technology segment compared with other industrial countries and the export share of more than 70%, which even...

The social value of an innovation is comprised of the value to consumers and the value to innovators. We estimate that for the HIV/AIDS therapies that entered the market from the late 1980's onwards, innovators appropriated only 5% of the social surplus arising from these new technologies....

Lesson 1: the life sciences industry really is exceptional -- Lesson 2: the mission matters -- Lesson 3: the big issue is bicongruence -- Lesson 4: the leader is a decisive facilitator -- Lesson 5: leadership is an intensely individualistic task -- Lesson 6: subsidiarity is a contingent craft --...