The Pharmaceutical Industry — Prices and Progress

Frederic M. Scherer

130 citations0/0 files storedNew England Journal of Medicine

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Pharmaceutical Economics and Policy Healthcare Policy and Management Pharmaceutical industry and healthcare

Abstract

In this Health Policy Report, the author examines the economics of the pharmaceutical industry. Research-and-development costs, patent laws, and health insurance coverage all influence drug pricing. The author discusses the policy dilemmas resulting from the complex economics of pharmaceutical research and development and reviews potential strategies to control prices.

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References

1966The Logic of Collective Action: Public Goods and the Theory of Groups.1971Industrial Market Structure and Economic Performance.2003The price of innovation: new estimates of drug development costs 2000Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)1990Industrial market structure and economic performance 2000Technology policy for a world of skew-distributed outcomes 1993Pricing, Profits, and Technological Progress in the Pharmaceutical Industry 1998Strategic Pricing of New Pharmaceuticals

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