This chapter provides a survey of much of the recent theoretical analysis of products liability. We start by describing … mandatory liability. …

implication for products-generated torts that product performance concerns (e.g., issues of care and of liability for harm) can be … analysis finds that all liability regimes (strict liability, no liability, and negligence based on the socially-efficient due … possible liability regimes now produce different outcomes and yield different implications for social efficiency. This implies …

contrast "individual-based liability determination" (IBLD), wherein a clear description of the mechanism by which a defendant …'s actions translate into a plaintiff's harm is available, with "population-based liability determination" (PBLD), wherein cases …

charged. The liability system is important because it is a determinant of the firm�s full marginal cost, which consists of … both manufacturing cost and liability cost. If the firm does not bear substantial liability for a consumer�s harm, then … other hand, if the firm does bear substantial liability for a consumer�s harm, then the firm�s marginal cost consists of …

&D and production activities, as well as liability-related costs. Compensation is incomplete, both because of inefficiencies …