In June 1977, the U.S. Consumer Product Safety Commission announced priorities for those projects to be executed during subsequent fiscal years. I use conditional logit techniques to analyze random orderings to estimate the Commission's preference functions among projects. I show that the...

This article estimates the highly differential impacts of FDA regulations on pharmaceutical firms of various sizes (where size is measured as scale of R&D expenditures). Estimation is performed using the method of maximum quasi-likelihoods, using productivity trends of the United Kingdom as a...