Scientific Information and Products Liability: An Economic Analysis

O. Ben-Shahar

Working Papers from Tel Aviv

Abstract: This paper demonstrates that the utilization of information that is available ex-post but unavailable ex-ante may lead to adverse incentive effects in the design of new products, i.e., in installing safety devices in products, in developing technologies that reduce the distribution of risks involved in the use of products and in investing in research that can identify the risks in advance.

Keywords: PRODUCTION; MANUFACTURING INDUSTRIES; INFORMATION (search for similar items in EconPapers)
JEL-codes: L10 L11 L15 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:30-96

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