✦ LIBER ✦

Buy-in through goldplating: The effect of defense profit policy on quality determination

✍ Scribed by Yeon-Koo Che

Book ID: 116102014
Publisher: Elsevier Science
Year: 1994
Tongue: English
Weight: 749 KB
Volume: 45
Category: Article
ISSN: 0165-1765
DOI: 10.1016/0165-1765(94)90044-2

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## Abstract We introduce a computational model of the evolution of a value‐maximizing research‐based pharmaceutical firm and parameterize it using estimates of R&D costs, profit distributions, and candidate attrition rates. We use the model to estimate how the probability of surviving and covering