4 ms·
Really the big difference is that with the government their motivation will always (in theory, of course) be finding the best cure, whereas for businesses it co
by corin_ 12y ago
Really the big difference is that with the government their motivation will always (in theory, of course) be finding the best cure, whereas for businesses it could go either way. Sure, Bayer might have a great opportunity to undercut the market. Alternatively Bayer might have a less efficient but more-profitable drug which incentivates them away from stuff like this.
- CWuestefeld 12y agowith the government their motivation will always (in theory, of course) be finding the best cure Well, that ignores all of public choice theory. Under this model, the entities of government (the politicians, the regulators, the regulatory agencies) only have the incentive to ensure their own outcomes. That overlaps to a certain extent with finding the best cure, but it's far from synonymous.