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Markets, Torts and Social Inefficiency
Daughety, Andrew F.; Reinganum, Jennifer F. - 2003
In this paper we examine the nexus between product markets and the legal system. We examine a model wherein oligopolists produce differentiated products that also have a safety attribute. Consumption of these products may lead to harm (to consumers and/or third parties), lawsuits, and...
Persistent link: https://www.econbiz.de/10014085660
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Prepare for the worst : using facility location to alleviate product recall risks
Yao, Liufang; Carrothers, Andrew G. - In: Business and Economic Research : BER 10 (2020) 4, pp. 159-185
Persistent link: https://www.econbiz.de/10012621930
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Prepare for the Worst – Using Facility Location to Alleviate Product Recall Risks
Carrothers, Andrew Glen; Yao, Liufang - 2021
This paper is motivated by major food product recall events in recent years, especially how the timely and effective response using post-recall management can make a difference. We consider the rare but very influential major product recalls as disruptions to the supply chain and incorporate...
Persistent link: https://www.econbiz.de/10014090699
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International product liability on a global business environment : ethical and legals perspectives for business managers
Albrecht, Achim; Eidenmüller, Thorsten; Lembach, Tobias; … - 2018
Persistent link: https://www.econbiz.de/10011848946
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The influence of product liability on vertical product differentiation
Baumann, Florian; Friehe, Tim; Rasch, Alexander - 2015
This paper explores the impact of product liability on vertical product differentiation when product safety is perfectly observable. In a two-stage competition, duopolistic firms are subject to strict liability and segment the market such that a low-safety product is marketed at a low price to...
Persistent link: https://www.econbiz.de/10010507682
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The influence of product liability on vertical product differentiation
Baumann, Florian; Friehe, Tim; Rasch, Alexander - 2015
This paper explores the impact of product liability on vertical product differentiation when product safety is perfectly observable. In a two-stage competition, duopolistic firms are subject to strict liability and segment the market such that a low-safety product is marketed at a low price to...
Persistent link: https://www.econbiz.de/10010509593
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Uncertain product risk, information acquisition, and product liability
Friehe, Tim; Schulte, Elisabeth - 2017
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 insufficient information acquisition incentives when it is not fully liable for the harm...
Persistent link: https://www.econbiz.de/10011635976
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Endogenous market structures, product liability, and the scope of product differentiation
Cosnita-Langlais, Andreea; Langlais, Eric - 2022
Persistent link: https://www.econbiz.de/10013337334
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Product liability : detecting potential risks in new product
Castellano, Andrea; Ferro, Gustavo; Zanetti, … - 2023
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...
Persistent link: https://www.econbiz.de/10014334046
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Internationale Produkthaftung
Gildeggen, Rainer - 2005
internationale Produkthaftungsfälle anwendbare Recht und dann exemplarisch die Produkthaftung in Europa, Deutschland und den USA …Der Beitrag gibt einen Überblick über das Recht der internationalen Produkthaftung. Dabei wird zunächst das auf … Europe, Germany and the USA is analyzed. In view of the practical impossibility to perfectly exclude product liability by …
Persistent link: https://www.econbiz.de/10010357181