Some determinants of entry into the rapeutic drug markets |
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Authors: | Sillrley S Yu |
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Institution: | 1. Texas Tech University, Texas, USA
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Abstract: | This paper investigates empirically some determinants of entry into the U.S. pharmaceutical industry during the period 1964–1974. The statistical findings of the study are consistent with a priori expectations. Market growth is found to provide incentives for entry, Product differentiation, market concentration, and drug innovation are found to be significant barriers to entry into drug markets. |
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