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Incentives for Research, Development, and Innovation in Pharmaceuticals (Paperback, 2011 ed.)
Loot Price: R1,506
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Incentives for Research, Development, and Innovation in Pharmaceuticals (Paperback, 2011 ed.)
Series: Series economia de la salud y gestion sanitaria
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Incentives for innovation are particularly relevant in the
pharmaceutical industry where not all social needs provide equally
profitable opportunities and where most OECD countries try to
implement different measures that promote research in these less
profitable areas. This book describes how incentives can be
provided to deal with less profitable activities when no clear
markets exist for the innovations. The book discusses alternative
mechanisms to substitute for inexistent markets, situations where
traditional instruments have proven totally insufficient, and the
clear mismatch between the size of the markets being targeted and
the incentives being provided. Patents become an ineffective way to
incentivise R&D when the appropriability is low; this book
provides alternative ideas such as allowing for a period of data
exclusivity to firms that develop new drugs.
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