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show that the industry - whose long - term evolution is driven by innovation, imitation and permanent creation of new …
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We evaluate the impact of basic research on pharmaceutical firms' technological performance, distinguishing between internal basic research and the exploitation of external basic research findings. We find that firms increase their performance by engaging more in internal basic research, in...
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an innovation rewarding institution. According to our analysis, pharma patents have constituted legal barriers to protect …
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different configurations of the patent system upon innovation and competition. The model is able to replicate the main stylized … adverse effects in terms of innovation outcomes, as well as of market competition and consumer welfare. Such general …
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