Research Papers

• Addressing the trade-off between lower drug prices and incentives for pharmaceutical innovation

  TPRI faculty co-lead and Questrom faculty Rena Conti will testify at the upcoming U.S. House of Representatives hearing of the Committee on Oversight and Reform, entitled “Unsustainable Drug Prices: Findings from the Committee’s Drug Pricing Investigation and the Need for Structural Reforms.” on Friday, December 10, 2021, at 10 a.m. Professor Conti will discuss recently published papers germane to the current public debate on lowering prescription drug prices.

• Declining Industrial Disruption

  James Bessen, Erich Denk, Joowon Kim, Cesare Righi
  
  This paper reports the first recent estimates of trends in the displacement of industry-leading firms. Displacement hazards rose for several decades since 1970 but have declined sharply since 2000. Using a production function-based model to explore the role of investments, acquisitions, and lobbying, we find that investments by dominant firms in intangibles, especially software, are distinctly associated with greater persistence and reduced leapfrogging.

• Ethics and AI Startups

  James Bessen, Stephen Michael Impink, Lydia Reichensperger, and Robert Seamans
  
  Results from TPRI's 2021 AI Ethics survey shed light on how startups approach the uncertain landscape of ethics and Artificial Intelligence.

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