September 1, 1987Journal of Product Innovation ManagementOpen Access

Longer patents for lower imitation barriers: The 1984 Drug Act

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Abstract

In this paper we analyze its likely impacts on competition in the pharmaceutical industry, the incentives for innovation, and general consumer welfare.

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Vernon et al. (1987) studied this question.

synapsesocial.com/papers/6a77a7dd6c53f758bc1ea10a https://doi.org/10.1016/0737-6782(87)90021-x

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Abstract

In this paper we analyze its likely impacts on competition in the pharmaceutical industry, the incentives for innovation, and general consumer welfare.