This eye-opening and data-driven expos tackles the fiercely debated issue of pharmaceutical price controls, where economists John A. Vernon and Joseph H. Golec unpack the hidden costs of government price regulation, drug importation, and cost-limiting policies, revealing how these well-intentioned measures could cripple R&D funding, stifle innovation, and ultimately deprive future patients of life-saving breakthrough drugs.
This monograph demonstrates empirically how the free-market system of drug pricing is vital to the development of new breakthrough drugs.
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