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See Latest ArticlesAn Economic Justification for Open Access to Essential Medicine Patents in Developing Countries
Journal of Law, Medicine, and Ethics, 06/04/09
Flynn S et al. - The article offers an economic rationale for compulsory licensing of needed medicines in developing countries. The patent system is based on a trade-off between the "deadweight losses" caused by market power and the incentive to innovate created by increased profits from monopoly pricing during the period of the patent.
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