pharmaceuticals. We challenge this orthodox view and show, to the contrary, that the pace of innovation often is faster in a world …

pharmaceuticals. We challenge this orthodox view and show, to the contrary, that the pace of innovation often is faster in a world …

The impact of parallel trade on innovation in R&D-intensive industries, such as pharmaceuticals, is a hotly debated … question in antitrust and IP policy. The well known argument that parallel trade dampens innovation by undermining firms …, parallel trade increases innovation by reducing governments' incentives to set particularly low price caps. In this paper, we …