The Effect of Price on Pharmaceutical R&D

14 Pages Posted: 19 Jun 2007

See all articles by Michael T. Maloney

Michael T. Maloney

Clemson University - John E. Walker Department of Economics

Abdulkadir Civan

Gediz University

Date Written: June 1, 2007

Abstract

This work extends prior research that finds drug development is driven by demand factors such as mortality rates of the diseases new drugs are aimed at. Here we find that the number of drugs in the development pipeline is strongly positively related to the price of existing drugs treating those diseases.

Keywords: pharmaceuticals, R&D, patents

JEL Classification: O34, I11

Suggested Citation

Maloney, Michael T. and Civan, Abdulkadir, The Effect of Price on Pharmaceutical R&D (June 1, 2007). Available at SSRN: https://ssrn.com/abstract=995175 or http://dx.doi.org/10.2139/ssrn.995175

Michael T. Maloney (Contact Author)

Clemson University - John E. Walker Department of Economics ( email )

Clemson, SC 29634
United States
864-656-3430 (Phone)
864-656-4192 (Fax)

Abdulkadir Civan

Gediz University ( email )

Menemen
Izmir
Turkey

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