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
When firms span related product categories, spillovers across categories become central to firm strategy and industrial policy, due to their potential to foreclose competition and affect innovation incentives. …Read More
We develop and apply a new set of empirical tools consistent with the tenets of value-based business strategies, leveraging the principle that “no good deal comes undone” and the methods of revealed preferences to empirically estimate drivers of value creation.…Read More
