Economics of Innovation
Optimal innovation balances willingness and ability to pay with the benefits of future R&D. Our wide-ranging programme aims to promote innovation in health care, increase our understanding of its value, and encourage R&D. New models of innovation should streamline development, reduce costs, and speed patient benefit.
Trade and Price Differentials for Pharmaceuticals: Policy Options
1 May 1997
The purpose of this paper is to examine the welfare arguments for international price differences for pharmaceuticals and the welfare effects of policies that have the…
Value of the Pharmaceutical Industry to the UK Economy
1 June 1995
Although there is widespread agreement about the important role the pharmaceutical industry plays in the U K economy, there is no easily available source presenting the chief figures in a clear and easily interpretable way. The purpose of this paper is to do precisely that. It is based on serious research and analysis by economists, and provides a perspective within which the industry may be understood, and criticised, and assessed.
Industrial Policy and the Pharmaceutical Industry
1 January 1995
Governments cannot avoid policy interaction with the pharmaceutical industry. They are responsible for both ‘health and safety’ and ‘economic’ regulation. The former primarily governs the licensing…
Science in Medicine: How Far Has It Advanced?
1 January 1993
The chapters in this book are based on contributions to a seminar organised jointly by the Office of Health Economics and the International Science Policy Foundation,…
Innovative Competition in Medicine
1 January 1992
It is almost twenty years since I realised the significance of Schumpeter’s work to the pharmaceutical industry. But since the references to his conclusions in ‘The…
Patterns of Prescribing
1 January 1991
Outcomes, it is commonly said by general practitioners, are more difficult to measure in our discipline than those in hospital based specialties. This is true but…
The Economic Impact of Medicines
9 January 1990
The objective of medical care is to improve people’s health. This includes avoiding illness whenever possible, alleviating suffering and disability when illness does occur, and prolonging…
Measuring the Benefits of Medicines: The Future Agenda
1 March 1990
These papers were presented to an Office of Health Economics meeting in London in October 1989. The programme for the meeting was put together by a…
Holes in Therapy
1 July 1989
The text of a lecture delivered at the Conference of the European Federation of Pharmaceutical Industry Associations in Paris in June 1989… The text of a…