研討日期

2014101810:30 ~ 12:00

研討地點

台大社會科學院710討論室

題目

Pharmaceutical innovation and parallel trade

作者

Anna Rita Bennato and Tommaso Valletti

文獻出處

IJIO(2014)

報告人

參加人員

黃鴻、梁文榮、林燕淑、王光正、蔡明芳、高國峯、陳金盛、吳尚弈、鍾暳陵、曹古駒、王羿傑、呂得成、周冰瑤、施姵全

摘要

This paper proposes a North–South model to study the interaction between price regulation policies and parallel trade, with a particular focus on the pharmaceutical sector. We show that, under parallel trade, R&D investment can rise only when the South government takes into full account its impact both on investment and on the firm's decision to supply the regulated country. This arises because of a complete withdrawal from price regulation.

When policy choices are endogenized, indeed the South wants to achieve this level of full commitment when it is large in size. When instead it is smaller in size, the South chooses an intermediate form of commitment whereby it anticipates its effect only on local distribution and delivery, but not on global R&D investment. As a

response to these credible levels of price control commitments, the North reacts by allowing parallel imports from the South.