Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm...
by swsieber on Tuesday April 18, 2017 @11:58AM
(#14139902)
I'm not even sure you can call it "free market" because of the distortions that patents bring into it...
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Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm...
by rayiner on Tuesday April 18, 2017 @12:07PM
(#14139973)
Patents distort what would happen in the absence of patents, but so does every other kind of property right. Markets in the absence of patents exhibit free rider effects, which are themselves undermine market efficiency.
Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm...
by theseatoms on Tuesday April 18, 2017 @12:17PM
(#14140073)
The free rider effects you're referring to are exacerbated by how arduous the FDA approval process is.