NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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When does Product Liability Risk Chill Innovation? Evidence from Medical Implants

Alberto Galasso, Hong Luo

NBER Working Paper No. 25068
Issued in September 2018

---- Acknowledgments ----

We thank Philippe Aghion, James Dana, Michael Frakes, Matt Grennan, Deepak Hegde, Curtis Huttenhower, Arti Rai, Kathryn Spier, Ross Schmucki, Martin Watzinger, Rosemarie Ziedonis and seminar participants at Columbia Business School, the University of Toronto, the Innovation conference at the London School of Economics, the IFN Stockholm Entrepreneurship and Innovation conference, the 2018 ASSA annual meeting in Philadelphia, and the Duke Empirical Health Law conference for helpful comments. Madeleine Rawling, Taro Tan, Melanie Vig, Esther Yan, Louise Yu, and Darya Zotova provided excellent research assistance. We are grateful for financial support from the Michael Lee-Chin Family Institute for Corporate Citizenship at the University of Toronto and the Social Sciences and Humanities Research Council of Canada. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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