Firm liability when third-parties and consumers incur cumulative harm - Archive ouverte HAL
Article Dans Une Revue Environmental and Resource Economics Année : 2022

Firm liability when third-parties and consumers incur cumulative harm

Eric Langlais
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Tim Friehe
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Elisabeth Schulte
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Résumé

This paper analyzes liability rules when consumers and third parties/the environment incur harm. Expected harm is convex in the level of output and modeled as a power function. We show that the social ranking of liability rules previously established for the case in which only consumers suffer harm (Strict Liability dominates No Liability and Negligence) may be reversed if harm to third parties or the environment is sufficiently important.

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Dates et versions

hal-03352700 , version 1 (23-09-2021)

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Eric Langlais, Tim Friehe, Elisabeth Schulte. Firm liability when third-parties and consumers incur cumulative harm. Environmental and Resource Economics, 2022, 81, pp.53-71. ⟨10.1007/s10640-021-00617-2⟩. ⟨hal-03352700⟩
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