On consumer preferences for (partial) products liability
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.
Domaines
Economies et financesOrigine | Fichiers produits par l'(les) auteur(s) |
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