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By Suzanna Zeitoun

Abstract

Are legislators able to meet efficiency goals? – an analysis of the pharmaceutical industry Author: Suzanna Zeitoun Supervisor: Göran Skogh During the last decades, legislators have tried to meet the goal of increased R&D in the pharmaceutical industry through an extension of the patent length. In parallel, an attempt to minimise ex post social costs has been made through the introduction of a shortened drug approval process for generic drugs as well as a socalled Bolar provision, giving generic producers earlier access to patented information. However, one can ask how efficient a patent extension possibility has been to meet the goal of increased R&D. Correspondingly, what effects on social costs can we expect from the introduction of an abbreviated approval process and the Bolar provision? These are questions that are dealt with in this thesis. I argue that the impact of the legislative changes have led to a decrease of ex post social cost. However, I will also show that this has lead to a detriment of ex ante R&D incentives and therefore a negative result on social welfare. Avdelning, Institutio

Topics: Report category
Year: 2011
OAI identifier: oai:CiteSeerX.psu:10.1.1.194.5452
Provided by: CiteSeerX
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