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Persistent link: https://www.econbiz.de/10011420078
Up to now, economic literature regarding the product safety has studied foreseeable risks that are known by producers. However, the literature has not analysed which liability rule and insurance schemes are efficient for radical uncertainty. This paper addresses this topic through insurance...
Persistent link: https://www.econbiz.de/10008564140
[eng] Environmental and health impacts : controversial goods - Scientific controversies concerning environmental and health impacts of a good leads us to revisit the nature and status of quality uncertainty on goods' characteristics in economics. Up to now, three types of goods have been...
Persistent link: https://www.econbiz.de/10008604118
The purpose of this paper is to introduce a new category of goods, 'indeterminate goods', which will be compared with the classical framework of experience, search and credence goods (Nelson, 1970; Darby and Karni, 1973). This concept sheds new light on the nature and status of quality uncertainty...
Persistent link: https://www.econbiz.de/10005568970