How do innovators respond to the shock of a natural disaster? Do natural disasters spur technical innovations that can reduce the risk of future hazards? This paper examines the impact of three types of natural disasters including earthquakes, droughts and flooding on the innovation of their...

In 2009, Congress enacted the Biologics Price Competition and Innovation Act (BPCIA) with the goals of providing more treatment options, increasing access to lifesaving medications, and lowering health care costs. To achieve these goals, the BPCIA creates an expedited approval pathway for...

How do innovators respond to the shock of a natural disaster? Do natural disasters spur technical innovations that can reduce the risk of future hazards? This paper examines the impact of three types of natural disasters including earthquakes, droughts and flooding on the innovation of their...