The real options approach to valuation - Haskayne School of Business
The real options approach to valuation - Haskayne School of Business
The real options approach to valuation - Haskayne School of Business
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Current Literature on “Encouraging Pharmaceu*cal Innova*on” • Kremer (2001, 2002) review popular subsidy programs • Push programs: subsidize the cost <strong>of</strong> the R&D – Research grant – Co-‐payment • Pull programs: subsidize the revenue <strong>of</strong> the R&D – Purchase commitment – Tax incen*ve – Extended patent protec*on