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Controlling Product Risks when Consumers are Heterogeneously Overconfident: Producer Liability vs. Minimum Quality Standard Regulation

Baniak, Andrzej; Grajzl, Peter - CESifo - 2014

Contributing to the literature on the consequences of behavioral biases for market outcomes and institutional design, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product-related torts when consumers are heterogeneously...

Persistent link: https://www.econbiz.de/10010948857

The Influence of Product Liability on Vertical Product Differentiation

Baumann, Florian; Friehe, Tim; Rasch, Alexander - CESifo - 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/10011265259

Optimal Liability Sharing and Court Errors: An Exploratory Analysis

Boyer, Marcel; Porrini, Donatella - CESifo - 2010

We focus in this paper on the effects of court errors on the optimal sharing of liability between firms and financiers, as an environmental policy instrument. Using a structural model of the interactions between firms, financial institutions, governments and courts we show, through numerical...

Persistent link: https://www.econbiz.de/10008572471

The Monopolistic Polluter under Environmental Liability Law: Incentives for Abatement and R&D

Endres, Alfred; Friehe, Tim - CESifo - 2011

This paper analyzes the output, abatement, and investment decisions made by a monopolistic polluter under environmental liability law. The model applied considers both integrated and end-of-pipe abatement technologies. We find that in the case of fixed technology, in many instances negligence...

Persistent link: https://www.econbiz.de/10009371353

The Actuarial Balance Sheet for Pay-As-You-Go Finance: Solvency Indicators for Spain and Sweden

Boado-Penas, Maria del Carmen; Valdés-Prieto, Salvador; … - CESifo - 2008

This paper provides the first estimate of the actuarial balance of the Spanish contributory pension system for the old age contingency, based on official data. The novel entry in the balance sheet, named “Contribution Asset” or “Hidden Asset”, is at the centre of the theoretical...

Persistent link: https://www.econbiz.de/10005405839

Withering Academia?

Frey, Bruno S. - CESifo - 2010

, increased division of labor in research, intense publication pressure, academic fraud, dilution of the concept of “university …

Persistent link: https://www.econbiz.de/10008671696

What Drives Taxi Drivers? A Field Experiment on Fraud in a Market for Credence Goods

Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - CESifo - 2011

measure different types of fraud and to examine the influence of passengers’ presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about …. Higher income seems to lead to more fraud. …

Persistent link: https://www.econbiz.de/10009020798