Risk-mitigating technologies (VOX)

Higher risk perception may suppress demand for a product class and chill R&D investment, or increase the incentive to innovate risk-mitigating technologies. The column uses media coverage of accidents involving CT scanners to investigate the impact on firm innovation. Higher public risk perception increased patent applications and the rate of new product innovation, even without changes in liability or regulation.

https://voxeu.org/article/risk-mitigating-technologies

Alberto Galasso, Hong Luo

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