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| Research on Evolutionary Game and Strategy of Drug Safety Governance |
| XIE Zhenyu, WAN Anxia
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| School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing 210044, China |
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Abstract This paper tries address the problem of regulatory capture in drug safety governance resulting from information asymmetry and hidden behavior of subjects. To achieve this, this paper employs evolutionary game theory to construct a three-party evolutionary game model that includes the State Drug Administration, the local Drug Administration, and the drug manufacturer. Then the Evolutionary Stability Strategies (ESS) are obtained, and a simulation analysis is conducted to analyze the impact of each parameter on the regulatory capture of the drug administrations. In addition, this paper focuses on the effects of the penalty intensity of the State Drug Administration on the local Drug Administration and drug manufacturers. Based on the findings, recommendations are provided for the government.
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Received: 09 June 2022
Published: 17 July 2024
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