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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 dur...
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| 出版年: | Am Econ Rev |
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| 主要な著者: | , , |
| フォーマット: | Artigo |
| 言語: | Inglês |
| 出版事項: |
2015
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| 主題: | |
| オンライン･アクセス: | https://ncbi.nlm.nih.gov/pmc/articles/PMC4557975/ https://ncbi.nlm.nih.gov/pubmed/26345455 https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1257/aer.20131176 |
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