Markets for Potentially Harmful Goods — The Economics of Product Liability Rules

Alex Robson ()

Chapter 6 in Law and Markets, 2012, pp 161-189 from Palgrave Macmillan

Abstract: Abstract In the previous chapter we examined situations where the parties undertaking care and incurring harm were ‘economic strangers’ in the following important sense: there was no existing economic relationship between the parties when they chose their levels of care, or when accidents occurred.

Keywords: Marginal Cost; Demand Curve; Average Cost; Legal Rule; Welfare Loss (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-35494-4_6

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DOI: 10.1057/9780230354944_6

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