Towards an Efficient Mechanism for Prescription Drug ProcurementKyna Fong, Michael Schwarz
NBER Working Paper No. 14718 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.
Machine-readable bibliographic record - MARC, RIS, BibTeX Document Object Identifier (DOI): 10.3386/w14718 Users who downloaded this paper also downloaded* these:
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