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We study the impact of regulating product entry and quality information requirements on an oligopoly equilibrium and consumer welfare. Requiring product testing can reduce consumer uncertainty, but it also increases fixed costs of entry and time to market. Using variation between EU and US...
Persistent link: https://www.econbiz.de/10012457685
Between 1810 and 1939, real per capita spending on patent medicines grew by a factor of 114; real per capita GDP by a factor of 5. The long-term growth and survival this industry is puzzling when juxtaposed with standard historical accounts, which typically portray patent medicines as quack...
Persistent link: https://www.econbiz.de/10012462953
Background: Most applications of choice-based conjoint analysis in health use choice tasks with only two profiles, while those in marketing routinely use three or more. This study reports on a randomized trial comparing paired with triplet profile choice formats focused on measuring patient...
Persistent link: https://www.econbiz.de/10012461175
quantity of medical innovation. Analyzing whether inventions emphasize cost and/or quality requires generating new data. We do …
Persistent link: https://www.econbiz.de/10012479203
Liability laws designed to compensate for harms caused by defective products may also affect innovation. We examine … negative impact on downstream innovation in medical implants, but it had no significant effect on upstream polymer patenting … effect on downstream innovation …
Persistent link: https://www.econbiz.de/10012480719
higher rates of lab and outpatient innovation had greater declines in the probability of missing work during 1996-2003. This … for initial disability, the inverse relationship between lab innovation and disability changes disappears. This is because … there is a significant inverse relationship between initial health and the extent of laboratory innovation. But due to …
Persistent link: https://www.econbiz.de/10012466549
I study the channels through which health insurance influences medical innovation. Following Medicare and Medicaid … per resident. Consistent with historical case studies, Medical innovation's determinants extend beyond the potential … revenues associated with global market size; a physician driven process of innovation-while-doing appears to play a central …
Persistent link: https://www.econbiz.de/10012458902
We examine the relationship between product liability litigation and innovation by systematically combining data on …
Persistent link: https://www.econbiz.de/10014512069
This paper uses laboratory experiments to directly test a central prediction of disclosure theory: that strategic forces can lead those who possess private information to voluntarily provide it. In a simple two-person disclosure game, we find that senders disclose favorable information, but...
Persistent link: https://www.econbiz.de/10012457567
remains unachieved because of persistently low demand for high-quality products. In a randomized field experiment in Senegal …
Persistent link: https://www.econbiz.de/10014544676