Patents, Price Controls and Access to New Drugs: How Policy Affects Global Market Entry

53 Pages Posted: 8 May 2007

See all articles by Jean O. Lanjouw

Jean O. Lanjouw

University of California, Berkeley, College of Natural Resources, Department of Agricultural & Resource Economics (Deceased); Yale University, Faculty of Arts & Sciences, Department of Economics (Deceased); Brookings Institution (Deceased)

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Date Written: 6-2005

Abstract

We consider how patent rights and price regulation affect whether new drugs are marketed in a country, and how quickly. The analysis covers a large sample of 68 countries at all income levels and includes all drug launches over the period 1982-2002. It uses newly compiled information on legal and regulatory policy, and is the first systematic analysis of the determinants of drug launch in poor countries. Price control tends to discourage rapid product entry, while the results for patents are mixed. There is evidence that local capacity to innovate matters and that international pricing externalities may play a role.

Keywords: patent, drugs, access, market entry, price control

JEL Classification: D62, D4, K2, K10, I11, I18

Suggested Citation

Lanjouw, Jean Olson, Patents, Price Controls and Access to New Drugs: How Policy Affects Global Market Entry (6-2005). Available at SSRN: https://ssrn.com/abstract=984259 or http://dx.doi.org/10.2139/ssrn.984259

Jean Olson Lanjouw (Contact Author)

University of California, Berkeley, College of Natural Resources, Department of Agricultural & Resource Economics (Deceased)

Yale University, Faculty of Arts & Sciences, Department of Economics (Deceased) ( email )

28 Hillhouse Ave
New Haven, CT 06520-8264
United States
203-432-3568 (Phone)
203-432-6323 (Fax)

Brookings Institution (Deceased)

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