Do Firms Underinvest in Long-Term Research? Evidence from Cancer Clinical Trials
We investigate whether private research investments are distorted away from long-term projects. Our theoretical model highlights two potential sources of this distortion: short-termism and the fixed patent term. Our empirical context is cancer research, where clinical trials -- and hence, project du...
| المؤلفون الرئيسيون: | , , |
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| مؤلفون آخرون: | |
| التنسيق: | مقال |
| اللغة: | en_US |
| منشور في: |
American Economic Association
2015
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| الوصول للمادة أونلاين: | http://hdl.handle.net/1721.1/97906 https://orcid.org/0000-0001-8246-4877 https://orcid.org/0000-0003-4364-1505 |