Andrzej, Baniak; Peter, Grajzl; Joseph Guse A. - In: The B.E. Journal of Economic Analysis & Policy 14 (2014) 4, pp. 32-32
We contrast the laissez-faire regime with the regime of strict producer liability and draw the implications for competition policy in a setting where oligopolistic firms cannot differentiate themselves from rivals but rather are bound by a common industry reputation for product safety. We show...