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Product Liability, Research and Development, and Innovation
(The Journal of Political Economy, 1993)
Product liability ideally should promote efficient levels of product
safety, but misdirected liability efforts may depress beneficial innovations.
This paper examines these competing effects of liability
costs on product ...
Worker Learning and Compensating Differentials
(Industrial and Labor Relations Review, 1991)
In the standard compensating wage differential model, workers value their wage and workers' compensation components based on full job risk information. Market forces generate positive wage differentials as ex ante compensation ...
A Statistical Profile of Pharmaceutical Industry Liability, 1976-1989
(Seton Hall Law Review, 1994)
There is little question that the imposition of constraints on awards and other pro-defendant changes in the liability regime will reduce liability costs. However, the patterns observed in the federal courts are quite ...