On consumer preferences for (partial) products liability - Archive ouverte HAL
Article Dans Une Revue Economics Letters Année : 2018

On consumer preferences for (partial) products liability

Tim Friehe
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Eric Langlais
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Elisabeth Schulte
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Résumé

Traditional law and economics analyses of products liability find that different liability regimes lead to the same market outcome, implying that risk-neutral consumers are indifferent between products liability and no products liability. We present a setup in which a group of consumers supports the implementation of products liability although its enforcement is costly. All consumers may prefer the same level of (partial) products liability.

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Dates et versions

hal-01887294 , version 1 (03-10-2018)

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Citer

Tim Friehe, Eric Langlais, Elisabeth Schulte. On consumer preferences for (partial) products liability. Economics Letters, 2018, 173, pp.128-130. ⟨10.1016/j.econlet.2018.10.006⟩. ⟨hal-01887294⟩
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