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Investment-Specific R and D and the Decline in the Relative Price of Capital

✍ Scribed by Per Krusell

Book ID
110279016
Publisher
Springer
Year
1998
Tongue
English
Weight
79 KB
Volume
3
Category
Article
ISSN
1381-4338

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πŸ“œ SIMILAR VOLUMES

Examining the link between price regulat
Examining the link between price regulation and pharmaceutical R&D investment
✍ John A. Vernon πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 197 KB

## Abstract This paper examines the link between price regulation and pharmaceutical research and development (R&D) investment. I identify two mechanisms through which price regulation may exert an influence on R&D: an expected‐profit effect and a cash‐flow effect. Using established models of the d