Now showing items 1-5 of 5
Does Product Liability Make Us Safer?
Product liability law is intended to create an environment that fosters safer products. However, this law often has adverse consequences. Some of the problems stem from the inherent nature of product risk decisions and the ...
Wading Through the Muddle of Risk-Utility Analysis
(American University Law Review, 1990)
The original emphasis of risk-utility analysis on the need for balanced decisions with respect to product liability is a correct and fundamental principle. Moreover, many traditional factors that have been considered ...
Product and Occupational Liability
(Journal of Economic Perspectives, 1991)
Litigation over product liability has escalated because of shifting liability standards, and the role of workers' compensation has increased both because of the changing injury mix and the provision of more generous benefit ...
The Performance of Liability Insurance in States with Different Products-Liability Statutes
(The Journal of Legal Studies, 1990)
The liability crisis of the mid-1980s has led to an extensive reexamination of the liability system. A number of explanations have been offered for the substantial increase in insurance premiums and, in some cases, a decline ...
Product Liability Litigation With Risk Averson
(The Journal of Legal Studies, 1988)
The recent law and economics literature has directed much energy toward identifying the various factors that determine whether parties will litigate or settle accident claims.' The substantive interest in this area rests ...