NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Pharmaceutical Profits and the Social Value of Innovation

David Dranove, Craig Garthwaite, Manuel Hermosilla

NBER Working Paper No. 20212
Issued in June 2014

---- Acknowledgements -----

We thank Ernst Berndt, Jen Brown, Amitabh Chandra, Rena Conti, Amy Finkelstein, Jon Skinner, Ariel Dora Stern, and Heidi Williams for helpful suggestions. All errors remain our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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