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A Simulation Model of the Evolution of the Pharmaceutical Industry: A History-Friendly Model

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Abstract

This paper examines the evolution of the pharmaceutical industry. After a brief discussion of the main stylised facts about the industry, we present a history-friendly model that aims at capturing the underlining mechanisms and the logic that guides the evolution of this industry. Simulation results show the mechanisms and dynamic processes linking the patterns of innovation, demand structure, and concentration.

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  • Christian Garavaglia & Franco Malerba & Luigi Orsenigo & Michele Pezzoni, 2013. "A Simulation Model of the Evolution of the Pharmaceutical Industry: A History-Friendly Model," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 16(4), pages 1-5.
  • Handle: RePEc:jas:jasssj:2012-33-3
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    File URL: http://jasss.soc.surrey.ac.uk/16/4/5/5.pdf
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    1. repec:spr:eurasi:v:9:y:2019:i:1:d:10.1007_s40821-019-00121-0 is not listed on IDEAS
    2. Garavaglia Christian & Malerba Franco & Orsenigo Luigi & Pezzoni Michele, 2014. "Innovation and Market Structure in Pharmaceuticals: An Econometric Analysis on Simulated Data," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 234(2-3), pages 274-298, April.

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