Armchairs:
What are the pros and cons of limiting liability for the maker of a new
vaccine? It seems to me that a disadvantage of limited liability is the
moral hazard that the maker will do a less responsible job of trying to
prevent bad side effects. One advantage that has been put forth is that
limiting liability gets us a vaccine sooner as firms are reluctant to
make a new drug in the face of possible law suits for bad side effects.
Is there alternate set of rules not involving limited liability that
could be adopted to obtain a safe drug in a timely fashion?
All the best,
Asa Janney
--
Somebody has to do something, and it's just incredibly pathetic that
it has to be us.
-- Jerry Garcia
