This paper explores the economic incentives for medical procedure innovation. Using a proprietary dataset on billing … code applications for emerging medical procedures, we highlight two mechanisms that could hinder innovation. First, the … administrative hurdle of securing permanent, reimbursable billing codes substantially delays innovation diffusion. We find that …

policy, due to their potential to foreclose competition and affect innovation incentives. We exploit major new product …

, which many times is consistent with maximizing static efficiency after an innovation has been developed. Dynamic efficiency …

discuss the implications of the risks we analyze for the total volume of medical innovation and for its organization across …

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 …

, along with a more complex set of innovation incentives. This chapter presents background on medical device regulation … adverse events and recalls), and concludes with a discussion of the implications of regulation for innovation incentives in …