Journal of policy analysis and management : [the journal of the Association for Public Policy Analysis and Management]
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J Policy Anal Manage · Jan 1986
Industry effects of medical device regulation: the case of diagnostic imaging equipment.
In 1976 Congress passed legislation authorizing the regulation of all medical devices. Some observers predicted that this regulation would have adverse effects on the newly regulated industries. ⋯ The results indicate that medical device regulation has not materially affected competition or innovation within established product classes in this industry. This suggests that, by choosing methods of regulation that differentiate among levels of potential risk to consumers, the goal of consumer protection can be achieved with fewer undesirable effects on the regulated industry.