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Handbook of the Economics of Risk and Uncertainty
book

Handbook of the Economics of Risk and Uncertainty

by Mark Machina, W. Kip Viscusi
November 2013
Beginner content levelBeginner
896 pages
35h 10m
English
North Holland
Content preview from Handbook of the Economics of Risk and Uncertainty
Economic Analysis of Risk and Uncertainty Induced by Health Shocks: A Review and Extension
483
that the FDA is responsible, the continued growth of development costs even after the
decline of approval times in the 1990s raises some questions. Has drug development hit
diminishing returns and is that the main driver of cost growth in recent decades? Are
approval times an adequate measure of FDA regulation or does the FDA offset lower
approval times with a higher standard for minimum quality or more rigorous screening
of IND applications?
8.4.5 Consumer and Producer Surplus
The final parameters required to evaluate FDA policies are consumer and pr ...
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Publisher Resources

ISBN: 9780444536853