Browsing Journal Articles by Author "Higgins, Matthew J."
Now showing items 1-3 of 3
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Generic competition and the incentives for early-stage pharmaceutical innovation
Branstetter, Lee; Chatterjee, Chirantan; Higgins, Matthew J. (Elsevier, 2022-12-01)What impact has rising generic competition had on the nature and direction of pharmaceutical innovation? We find broad-based, strong evidence that pharmaceutical companies have diverted their new drug development efforts ... -
Research and market structure: evidence from an antibiotic-resistant pathogenic outbreak
Aggarwal, Mayank; Chakrabarti, Anindya S.; Chatterjee, Chirantan; Higgins, Matthew J. (Elsevier, 2023-01)We provide causal evidence that upstream research shocks impact unconnected downstream product markets. Focusing on the Indian pharmaceutical market, we use a natural experiment involving a publication that identified a ... -
Unpacking the effects of adverse regulatory events: Evidence from pharmaceutical relabeling
Higgins, Matthew J.; Yan, Xin; Chatterjee, Chirantan (Research Policy, 2020-09-12)We provide causal evidence that regulation induced product shocks significantly impact aggregate demand and firm performance in pharmaceutical markets. Event study results suggest an average loss between $569 million and ...