全球智库信息集成服务系统(G2TT): When does Product Liability Risk Chill Innovation? Evidence from Medical Implants

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w25068
来源ID	Working Paper 25068
	When does Product Liability Risk Chill Innovation? Evidence from Medical Implants
	Alberto Galasso; Hong Luo
发表日期	2018-09-24
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. We examine this issue by exploiting a major quasi-exogenous increase in liability risk faced by US suppliers of polymers used to manufacture medical implants. Difference-in-differences analyses show that this surge in suppliers’ liability risk had a large and negative impact on downstream innovation in medical implants, but it had no significant effect on upstream polymer patenting. Our findings suggest that liability risk can percolate throughout a vertical chain and may have a significant chilling effect on downstream innovation.
主题	Other ; Law and Economics ; Development and Growth ; Innovation and R& ; D
URL	https://www.nber.org/papers/w25068
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/582741
推荐引用方式 GB/T 7714	Alberto Galasso,Hong Luo. When does Product Liability Risk Chill Innovation? Evidence from Medical Implants. 2018.