Keywords: Technology spillovers, recalls, error diffusion, medical devices, 510(k) premarket notification
JEL Classification: G18, I18, L51, O38
학회소식
[2022년 5차 CAFM2022]Diffused Errors along Technology Spillovers: Evidence from the 510(k) Medical Device Market
작성자 : 관리자
조회수 : 1810
게시일 :
2022-12-20
To examine the diffusion and consequences of technical errors through spillovers, we track the knowledge flows in medical devices using the predicate list in the 510(k) program in which a new device is equivalent to existing ones (i.e., predicates). We match a recalled device with its unrecalled “sibling” that shares the same unrecalled predicate as a common source. We find that the follow-on devices having a recalled predicate are more likely to be recalled and have more adverse events. Diffused errors negatively influence growth opportunities and future inventions within firms while providing competitors with opportunities for market shares and invention.
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