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305 Economists Called to Answer Questionnaire on the Pre-Market Approval of Drugs and Devices

Author

Listed:
  • Daniel B. Klein
  • Jason Briggeman

Abstract

We have created an online questionnaire that queries the respondent about whether the policy of pre-market of approval of drugs and devices has behind it any market-failure rationale. The questionnaire interactively interviews the respondent, making a virtual conversation. The point of the questionnaire is to explore whether anyone can provide a reasonable justification for the policy. This article presents the questionnaire and ethically summons 305 relevant economists to complete the questionnaire. We explain why any conscientious researcher is entitled to issue a summons of this kind, and why the summoned economists may have a responsibility to respond. The responses will be collated and reported (without commentary) in a subsequent issue of EJW. The ungated interactive questionnaire: http://www.surveywriter.net/in/survey/survey1427/pma.asp The pdf showing the whole architecture of the questionnaire: http://econjwatch.org/file_download/388/PMAQuestionnaire.pdf

Suggested Citation

  • Daniel B. Klein & Jason Briggeman, 2010. "305 Economists Called to Answer Questionnaire on the Pre-Market Approval of Drugs and Devices," Econ Journal Watch, Econ Journal Watch, vol. 7(1), pages 99-106, January.
    • Handle: RePEc:ejw:journl:v:7:y:2010:i:1:p:99-106
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    More about this item

    Keywords

    U.S. Food and Drug Administration; FDA; pre-market approval; drugs; medical devices; market failure;
    All these keywords.

    JEL classification:

    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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