| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13036 |
| DP13036 How does product liability risk affect innovation? Evidence from medical implants | |
| Alberto Galasso; Hong Luo | |
| 发表日期 | 2018-07-04 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Liability laws designed to compensate for harms caused by defective products may also affect innovation incentives. This paper examines this issue, exploiting a major quasi-exogenous increase in liability risk faced by US suppliers of polymers used to manufacture medical devices implanted in human bodies. Difference-in-differences analyses suggest that the surge in liability risk had a large and negative impact on downstream innovation in medical implants but no significant effect on upstream polymer patenting. These findings show how tort laws may affect the development of new technologies and how liability risk may percolate through an industry's vertical chain. |
| 主题 | Industrial Organization ; Public Economics |
| 关键词 | Product liability Innovation Tort Medical devices Vertical foreclosure |
| URL | https://cepr.org/publications/dp13036 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541842 |
| 推荐引用方式 GB/T 7714 | Alberto Galasso,Hong Luo. DP13036 How does product liability risk affect innovation? Evidence from medical implants. 2018. |
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