The central hypothesis of this article is that liability regulation can foster firms' incentives to study the (potential) dangers of their products. We discuss alternative views and develop a formal model to analyze a firm's incentive structure under the application of hindsight liability. We...

Rapid economic development and population growth in Bangladesh have fostered significant advancements and opportunities for its citizens. Alongside these positive changes, however, there has been a notable increase in per capita plastic consumption, leading to a pressing need for effective...