Is Medicine an Ivory Tower? Induced Innovation, Technological Opportunity, and For-Profit vs. Non-Profit Innovation
---- Acknowledgements -----
We thank Raphael Godefrey, Neeraj Sood, and Darius Lakdawalla for helpful comments. Bhattacharya thanks the National Institute on Aging for funding his work on this project. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.