Browsing Department of Economics by Subject "Products liability"

Now showing items 1-2 of 2

    • Cumulative Harm and Resilient Liability Rules for Product Markets 
      Daughety, Andrew F.; Reinganum, Jennifer F. (Vanderbilt University, 2011)
      In the traditional model of the law and economics of torts, harm accrues proportional to use. This has the remarkable implication for products-generated torts that product performance concerns (e.g., issues of care and of ...
    • Products Liability, Signaling and Disclosure 
      Daughety, Andrew F.; Reinganum, Jennifer F. (Vanderbilt University, 2006)
      In this paper we examine the behavior of a firm that produces a product with a privately-observed safety attribute; that is, consumers cannot observe directly the product¬πs safety. The firm may, at a cost, disclose its ...