Portal de Periódicos da CAPES

Academic Research and Public Policy

2011; Taylor & Francis; Volume: 18; Issue: 2 Linguagem: Inglês

10.1080/13571516.2011.584419

1466-1829

F. M. Scherer,

Innovation Policy and R&D

Click to increase image sizeClick to decrease image size Notes 1. I might add that my best effort to provide a general theory of when drug patent protection in low-income nations is desirable and when not has been almost totally ignored (Scherer, Citation2004). It hinges, to be sure, on value judgments economists have traditionally shunned, but the paper shows that such value judgments cannot be avoided in choosing the right tradeoff between therapeutic benefit diffusion and R&D incentives. 2. US v. Generix Drug Corporation et al., 460 US 453 (1983). Who at the time Hatch-Waxman was passed would ever have dreamed that generic drug dispensing in the United States would soar to three-fourths of all drug prescriptions by number? 3. I told it previously in Albert M. Link and F. M. Scherer, eds., Essays in Honor of Edwin Mansfield (Springer: Citation2005), p. 4. 4. A muck-raking approach at odds with economists’ reticence probably helps. One of my favorite essays by one of America’s greatest unknown political philosophers, Finley Peter Dunne, was a humorous reaction to Sinclair’s book: The Food We Eat, reprinted in Robert Hutchinson, ed., Mr. Dooley on Ivrything and Ivrybody (Dover: Citation1963), pp. 236–41. 5. But how quickly recognition of a pioneering work fades! John Meyer had the office across from mine in Harvard’s Center for Business and Government. But when a few years ago the Center organized a conference on public regulation, the organizers neglected to invite John, who had retired and was in ill health. Needless to say, the omission was set straight when I saw the agenda. 6. Kahn also chaired the Civil Aeronautics Board when airline deregulation was implemented. My 1970 textbook had a chapter on the economics of public regulation. I dropped the chapter in subsequent editions because Kahn had swept the field. 7. By way of benchmarking, a 1956 article, one of two on the basis of which Thomas Schelling won the Nobel Prize in economics, had 9408 citations.