Research conducted by:
RAND Justice, Infrastructure, and Environment;
RAND Institute for Civil Justice
Research Briefs (2)
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.
In the last decade, U.S. corporations have faced growing legal liabilities. Peter Reuter tests a framework for analyzing how these liabilities might affect corporations economically, and offers evidence of liability’s influence on corporate behavior.