Browsing College of Arts and Science by Subject "JEL Classification Number: L15"

Now showing items 1-5 of 5

    • Communicating Quality: A Unified Model of Disclosure and Signaling 
      Daughety, Andrew F.; Reinganum, Jennifer F. (Vanderbilt University, 2007)
      Firms communicate product quality attributes to consumers through a variety of channels, such as pricing, advertising, releases of research reports and test results, or warranties and returns policies. The conceptualization ...
    • 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 ...
    • Economic Analysis of Products Liability: Theory 
      Daughety, Andrew F.; Reinganum, Jennifer F. Reinganum (Vanderbilt University, 2011)
      This chapter provides a survey of much of the recent theoretical analysis of products liability. We start by describing an idealized model and providing the specific economic assumptions which underpin it. Later sections ...
    • Imperfect Competition and Quality Signaling 
      Daughety, Andrew F.; Reinganum, Jennifer F. (Vanderbilt University, 2005)
      We examine the interplay of imperfect competition and incomplete information in the context of price competition among firms producing horizontally- and vertically-differentiated substitute products. We find that incomplete ...
    • 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 ...