Are private and social incentives for medical innovation aligned? This question is important because improvements in health have been a major source of increases in human well-being.…Read More
The pharmaceutical industry is one of the most innovative industries in the US. An important driver of innovation in the pharmaceutical industry is research & development (R & D). How do the portfolios of drugs being developed by pharmaceuticals affect the success rates of innovation? In this project, we will quantify the extent of economies of scope in prescription drug development.…Read More
