In his latest Discussion Section interview, Booth's Kevin Murphy, the George J. Stigler Distinguished Service Professor of Economics, talks with Anup Malani, the Lee and Brena Freeman Professor of Law. Below are two highlights from their conversation. For the complete listing of interview segments, click here.
The Economics of Innovation, Part 1 - Drugs and Patent Protection
Anup Malani discusses how insurance can influence innovation by holding down costs for consumers while still providing the returns that generate important research from drug companies.
The Economics of Innovation, Part 2 - Recent Work on Risk and Health
According to Malani, when determining the value of medical technologies, including drugs, it is also important to consider the value of technology for healthy individuals who also stand to benefit.