On consumer preferences for (partial) products liability

Tim Friehe, Eric Langlais and Elisabeth Schulte

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Abstract: 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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Date: 2018
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Published in Economics Letters, 2018, 173, pp.128-130. ⟨10.1016/j.econlet.2018.10.006⟩

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Journal Article: On consumer preferences for (partial) products liability (2018)
Working Paper: On consumer preferences for (partial) products liability (2018)
Working Paper: On consumer preferences for (partial) products liability (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01887294

DOI: 10.1016/j.econlet.2018.10.006

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