First AdC Competition Policy Award attributed to Emil Palikot and Matias Pietola, Phd students of Toulouse School of Economics.
Emil Palikot and Matias Pietola, Phd students of Toulouse School of Economics have been awarded the first AdC Competition Policy prize for their article "Pay-for-Delay with Settlement Externalities", an academic work on the pharmaceutical industry, which proposes a new research model for the payment agreements that incumbents establish with generic manufacturers to delay market entry, the so-called Pay-For-Delay.
The paper puts forward a theoretical model to investigate pay-for-delay agreements between originators (i.e. incumbents) and generic companies (potential entrants) in the pharmaceutical sector.
