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

Author

Listed:
  • Christian Garavaglia
  • Luigi Orsenigo
  • Michele Pezzoni

    () (CRIOS - Center for Research on Innovation, Organization and Strategy (University of Bocconi))

  • Franco Malerba

    () (Economics - Bocconi University [Milan, Italy])

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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Suggested Citation

  • Christian Garavaglia & Luigi Orsenigo & Michele Pezzoni & Franco Malerba, 2013. "A Simulation Model of the Evolution of the Pharmaceutical Industry: A History-Friendly Model," Post-Print halshs-01074520, HAL.
    • Handle: RePEc:hal:journl:halshs-01074520
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-01074520
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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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