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July 28, 2003

Financing Pharmaceutical Innovation: How Much Should Poor Countries Contribute? - Working Paper 28

We use a public economics framework to consider how pharmaceuticals should be priced when at least some of the R&D incentive comes from sales revenues. We employ familiar techniques of public finance to relax some of the restrictions implied in the standard use of Ramsey pricing. We use this framework to examine on-going debates regarding the international patent system as embodied in the WTO's TRIPS agreement.

William Jack and Jean O. Lanjouw