NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Elasticity of Demand With Respect to Product Failures; or Why the Market for Quack Medicines Flourished for More Than 150 Years

Werner Troesken

NBER Working Paper No. 15699
Issued in January 2010

---- Acknowledgements -----

The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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