@techreport{NBERw14718,
 title = "Towards an Efficient Mechanism for Prescription Drug Procurement",
 author = "Kyna Fong and Michael Schwarz",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "14718",
 year = "2009",
 month = "February",
 URL = "http://www.nber.org/papers/w14718",
 abstract = {This paper applies ideas from mechanism design to model procurement of prescription drugs.  We present a mechanism for government-funded market-driven drug procurement that achieves very close to full static efficiency -- all members have access to all but at most a single drug -- without distorting incentives for innovation.},
}