Innovation policy involves trading off monopoly output and pricing in the short run in exchange for incentives for …

This study investigates how enhanced regulation can promote innovation, focusing on the impacts of a significant … recognized the improvement in drug innovation, as reflected in stock price adjustments post new drug registrations after the … latecomers could boost their innovation potential by adopting specific, effective regulatory practices from frontier countries …

We examine the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from … firms learn about future projects. Firms appear to put more value on evaluation versus learning, and those patterns are in …

pharmaceutical advertising, allows us to model individual prescription decisions. Second, we distinguish across-patient learning of a … drug?s general efficacy from the within-patient learning of the match between a drug and a patient. Our results suggest … January 2002, doctors held a strong prior belief about the efficacy of Celebrex, Vioxx, and Bextra. As a result, the learning …