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Pricing and R&D with Related Margins

Author

Listed:
  • Geoffard, P.Y.
  • Philipson, T.

Abstract

This paper discusses goods for which the amount of consumption determines its duration, with our primary concentration on health-related consumption. We argue that the features of such goods result in unique implications for private pricing and R&D, as well as impact important components of public budgets. We illustrate how to assess the magnitude of our discussed effects for a sub-program of Medicare in the US.

Suggested Citation

  • Geoffard, P.Y. & Philipson, T., 1998. "Pricing and R&D with Related Margins," DELTA Working Papers 98-14, DELTA (Ecole normale supérieure).
    • Handle: RePEc:del:abcdef:98-14
    as

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    More about this item

    Keywords

    PRICING ; RESEARCH AND DEVELOPMENT;

    JEL classification:

    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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