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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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This article, written for the forthcoming Handbook of the Economics of Technical Change, surveys the costs, risks, and challenges encountered in the discovery and development of superior new pharmaceuticals. The changing methods by which drugs are discovered, the links between companies and...
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paradigm of competitive market efficiency with notorious market failures. We examine the impact of the pandemic on innovation …
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highlights critical issues for the political economy of innovation and presents a review of empirical studies that show that data … adoption has no benefits because there are no positive effects on internal technological innovation, nor reduction of the …
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