In this Article we compare the benefits of product liability to its costs and conclude that the
case for product liability is weak for a wide range of products. One benefit of product liability …

The economics of information has identified an important role for government to correct
situations where competition is not sufficient to reveal valuable information to consumers …

Culminating in the Industrial Revolution, machines and tools replaced or assisted humans in
performing physical tasks. I Drills, engravers, weaving machines and the like employed …

The “shutdown” economy of April 2020 is compared to a normally functioning economy both
in terms of market and nonmarket activities. Three novel methods and data indicate that a …

In this article, we first discuss traditional deterrence theory as applied to optimal criminal
antitrust penalties. Then we evaluate both the US and EU experience with ever-increasing …

Abstract State Consumer Protection Acts (CPAs) were designed to supplement the Federal
Trade Commission's (FTC) mission of protecting consumers and are often referred to as" …

A very high portion of the seafood we eat comes from abroad, mainly from China and
Southeast Asia, and most of the active ingredients in medicines we take originate in other …

New medical technologies are a leading driver of US health care spending. This article
identifies promising policy options to change which medical technologies are created, with …

This article utilizes a political economy framework to examine how FDA regulations
impacted the US healthcare sector's ability to address COVID‐19. I specifically examine the …

Since the vast majority of prescription drugs consumed by Americans are off patent
('generic'), their regulation and supply is of wide interest. We describe events leading up to …