Iggy Pop – John Peel Lecture 2014 Free music in a capitalist society
30 Mar 2018 Leave a comment
in entrepreneurship, industrial organisation, Music, survivor principle Tags: creative destruction, digital goods, economics of copyright, intellectual property rights
#EpiPen has two rival suppliers
28 Aug 2016 Leave a comment
in health economics, industrial organisation, politics - USA Tags: intellectual property rights, monopoly and competition, patents and copyrights
Drug Price Controls End Up Costing Patients Their Lives
24 Sep 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of regulation, entrepreneurship, health economics, industrial organisation, law and economics, politics - USA, property rights, survivor principle Tags: creative destruction, endogenous growth theory, innovation, intellectual property rights, patents and copyrights, pharmaceutical innovation, price controls
Our research shows that when prices fall, innovation falls even more. Patients would see their lives cut short by delayed or absent drugs.
Source: Drug Price Controls End Up Costing Patients Their Health – NYTimes.com
…cutting prices by 40 to 50 percent in the United States will lead to between 30 and 60 percent fewer R and D projects being undertaken in the early stage of developing a new drug. Relatively modest price changes, such as 5 or 10 percent, are estimated to have relatively little impact on the incentives for product development – perhaps a negative 5 percent.
Source: The Effect of Price Controls on Pharmaceutical Research
Utopia, you are standing in it! 
Recent Comments