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Pharmaceutical Innovation - Incentives, Competition, and Cost-Benefit Analysis in International Perspective (Hardcover, Annotated Ed)
Loot Price: R1,554
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Pharmaceutical Innovation - Incentives, Competition, and Cost-Benefit Analysis in International Perspective (Hardcover, Annotated Ed)
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The pharmaceutical industry worldwide is a rapidly burgeoning
industry contributing to growth of gross domestic product and
employment. Technological change in this field has been very rapid,
with many new products being introduced. For this reason in part,
health care budgets throughout the world have increased
dramatically, eliciting growing pressures for cost containment.
This book explores four important issues in pharmaceutical
innovations: (1) the industry structure of pharmaceutical
innovation; (2) incentives for correcting market failures in
allocating resources for research and development; (3) competition
and marketing; and (4) public evaluation of the benefits and costs
of innovation. The lessons are applicable to countries all over the
world, at all levels of economic development. By discussing
existing evidence this book proposes incentive arrangements to
accomplish social objectives.
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