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We study the impact of regulating product entry and quality information requirements on an oligopoly equilibrium and consumer welfare. Product testing can reduce consumer uncertainty, but also increase entry costs and delay entry. Using variation between EU and US medical device regulations, we...
Persistent link: https://www.econbiz.de/10013027262
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/10013148381
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/10013119781
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/10012910659
the health of Americans during the period 1990-2003. We hypothesize that, the more medical innovation there is related to … hypothesis, we estimate models of health outcomes using longitudinal disease-level data. We measure innovation in five types of … outpatient drug innovation had larger increases in mean age at death, controlling for other medical innovation rates and initial …
Persistent link: https://www.econbiz.de/10013247291
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/10013061686
quantity of medical innovation. Analyzing whether inventions emphasize cost and/or quality requires generating new data. We do …
Persistent link: https://www.econbiz.de/10013313406
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/10013024157
Persistent link: https://www.econbiz.de/10014356919
This paper presents the results from a randomized evaluation that distributed menstrual cups (menstrual sanitary products) to adolescent girls in rural Nepal. Girls in the study were randomly allocated a menstrual cup for use during their monthly period and were followed for fifteen months to...
Persistent link: https://www.econbiz.de/10012757591