Uncertain product risk, information acquisition, and product liability

We describe how product liability interacts with regulatory product approval in influencing a firm’s incentives to acquire information about product risk, using a very parsimonious model. The firm may have in- sufficient information acquisition incentives when it is not fully liable for the harm...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 19-2017)
Main Authors: Friehe, Tim, Schulte, Elisabeth
Format: Article
Language:English
Published: Philipps-Universität Marburg 2017
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Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics