This paper discusses alternative incentive mechanisms for encouraging pharmaceutical innovations that support global health policy priorities. Patent buyouts, in which a public fund pays a mark-up on private valuations from sealed-bid second-price auctions, would boost the efficiency of research...

Over the course of the past twenty years, venture capital has fuelled an entrepreneurial revolution - first in the United States and now in Europe's common market -, which has opened new opportunities for technological innovation, capital investment and employment growth. Some of the most...

Herbert Zech, Humboldt-Universität zu Berlin, fällt insgesamt ein positives Urteil zum Patentschutz: Er ermögliche technische Innovation in Bereichen, in denen sich Entwicklungsaktivitäten wegen leichter Nachahmbarkeit und hohen Investitionsbedarfs ansonsten nicht lohnen würden....