Philipson, Tomas; Berndt, Ernst R.; Gottschalk, Adrian H.B. - In: Journal of Public Economics 92 (2008) 5-6, pp. 1306-1325
The U.S. Food and Drug Administration (FDA) is estimated to regulate markets accounting for about 20% of consumer spending in the U.S. Despite the FDA's strict adherence to evidence-based evaluation of the safety and efficacy of the products it regulates, there exists no generally agreed upon...
