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来源类型Working Paper
规范类型报告
DOI10.3386/w12080
来源IDWorking Paper 12080
Insurance and Incentives for Medical Innovation
Alan M. Garber; Charles I. Jones; Paul M. Romer
发表日期2006-03-06
出版年2006
语种英语
摘要This paper studies the interactions between health insurance and the incentives for innovation. Although we focus on pharmaceutical innovation, our discussion applies to other industries producing novel technologies for sale in markets with subsidized demand. Standard results in the growth and productivity literatures suggest that firms in many industries may possess inadequate incentives to innovate. Standard results in the health literature suggest that health insurance leads to the overutilization of health care. Our study of innovation in the pharmaceutical industry emphasizes the interaction of these incentives. Because of the large subsidies to demand from health insurance, limits on the lifetime of patents and possibly limits on monopoly pricing may be necessary to ensure that pharmaceutical companies do not possess excess incentives for innovation.
主题Health, Education, and Welfare ; Health ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w12080
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/569733
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GB/T 7714
Alan M. Garber,Charles I. Jones,Paul M. Romer. Insurance and Incentives for Medical Innovation. 2006.
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