The report of the National Commission on Product Safety stated that the American public is being exposed to many unreasonably hazardous products. Further, the post-accident remedies to compensate victims of product-related accidents are inadequate and encourage the continued production of unsafe...

The model of the demand for a risky product (in the Spring 1973 issue of this Journal) has been criticized because it assumed perfect information. Goldberg contends that the implications of that model are wholly irrelevant for a world of imperfectly informed consumers. He further asserts that...