The Impact of Litigation

Richard discusses the implications of preemption provisions in medical devices and the potential positive or negative effects of lawsuits on third parties. He emphasizes the importance of considering long-term incentive structures and the potential consequences of litigation on the overall legal system.

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EconTalk
Richard Epstein on Regulation
Related Questions
- Should drugs be regulated according to the discussions in the episode Richard Epstein on Regulation and the clip Reforming Tort System?
- Should drugs be regulated according to the discussions in the episode Richard Epstein on Property Rights and Drug Patents and the clip Government Regulation and Pharmaceutical Innovation?