ACHARYYA, RAJAT; GARCÍA-ALONSO, MARÍA D.C. - In: The Singapore Economic Review (SER) 53 (2008) 01, pp. 57-79
This paper shows that regardless of any intra-country income differences, parallel imports result in a lower level of health-care innovation but, contrary to popular as well as conventional theoretical wisdom, a lower price in the Third World compared to market-based discrimination. Despite such...