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Why Are Drugs More Profitable Than Vaccines?

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NBER2003-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9833
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In a simple representative consumer model, vaccines and drug treatments yield the same revenue for a pharmaceutical manufacturer, implying that the firm would have the same incentive to develop either ceteris paribus. We provide more realistic models in which the revenue equivalence breaks down for
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2003-07-01
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