Robert Town

Regulating Innovation with Uncertain Quality: Information, Risk, and Access in Medical Devices

Published Research

We study the impact of regulating product entry and quality information requirements on an oligopoly equilibrium and consumer welfare. Product testing can reduce consumer uncertainty, but also increase entry costs and delay entry. …Read More

Innovation and Product Risk: Firm Strategy and Public Welfare

Funded Research Proposal

Innovative new products come with hope, but also risk that they will not work as well as hoped. Thus testing and monitoring are key strategic decisions of an innovative firm in any market, and in some markets these strategic decisions will be intertwined with government regulatory policy.…Read More