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Towards an Efficient Mechanism for Prescription Drug Procurement / Kyna Fong, Michael Schwarz.
- Format:
- Book
- Author/Creator:
- Fong, Kyna.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w14718.
- NBER working paper series no. w14718
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2009.
- Summary:
- 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.
- Notes:
- Print version record
- February 2009.
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