Science and Cents: Exploring the Economics of Biotechnology

Proceedings of a 2002 Conference Sponsored by the Federal Reserve Bank of Dallas

• Complete Proceedings
• Preface
• About the Contributors

Introduction

• Exploring the Economics of Biotechnology: An Overview
  John V. Duca and Mine K. Yücel

Part One. An Economic Perspective on the Biotech Revolution

• Growing by Leaps and Inches: Creative Destruction, Real Cost Reduction and Inching Up.
  Michael R. Darby and Lynne G. Zucker
• The Benefits to Society of New Drugs: A Survey of the Econometric Evidence
  Frank R. Lichtenberg

Part Two. The Interdisciplinary Nature of Biotech Research

• Harnessing New Technologies for the 21st Century
  Malcolm Gillis
• The Convergence of Disruptive Technologies Enabling a New
  Industrial Approach to Health Products
  C. Thomas Caskey

Part Three. Legal and Regulatory Issues Facing Biotechnology

• Patents and New Product Development in the Pharmaceutical and Biotechnology Industries
  Henry G. Grabowsky
• Reaching Through the Genom
  Rebecca S. Eisenberg

Part Four. Financing Biotech Research

• Financing Biotechnology Research: A Firsthand Perspective
  Timothy F. Howe
• Biotechnology and Government Funding: Economic Motivation and Policy Models
  Michael S. Lawlor

Part Five. Local Determinants of Biotech Research

• Commercializing Knowledge: University Science, Knowledge Capture,
  and Firm Performance in Biotechnology
  Lynne G. Zucker, Michael R. Darby, and Jeff S. Armstrong