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Direct linkCutler, David M.; Meara, Ellen; Richards-Shubik, Seth – Journal of Human Resources, 2012
We develop a model of induced innovation that applies to medical research. Our model yields three empirical predictions. First, initial death rates and subsequent research effort should be positively correlated. Second, research effort should be associated with more rapid mortality declines. Third, as a byproduct of targeting the most common…
Descriptors: Evidence, Innovation, Medical Services, Infants
