Can Reform Improve the Economic Effects of Product Liability?

Evidence From the Pharmaceutical and Medical Device Industries

Steven Garber

Research SummaryPublished 1994

This research brief summarizes the economic effects of product liability in the drug and medical device industries, how the system produces those effects, and what kinds of reforms could increase the system's benefits while reducing its costs.

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Garber, Steven, Can Reform Improve the Economic Effects of Product Liability? Evidence From the Pharmaceutical and Medical Device Industries. Santa Monica, CA: RAND Corporation, 1994. https://www.rand.org/pubs/research_briefs/RB9018.html.
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