percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …

the presence of such products on innovation and consumer welfare. For a given number of buyers, platform liability … interests between innovators and buyers. Furthermore, platform liability can have unintended consequences, which overturn the … intended effect on innovation. Platform liability tends to increase (decrease) innovation and consumer welfare when the …

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 … product is sold at a high price to consumers with high levels of harm. Firms’ expected liability payments are critically …

This paper addresses the role of product liability for the emergence and development of smart products such as … autonomous vehicles (AVs). We analyze how the liability regime affects innovative activities, as well as the timing of market … shifting more liability on the producers of AVs. First, while this improves the safety of AVs in the long run, the safety stock …

the presence of such products on innovation and consumer welfare. For a given number of buyers, platform liability … interests between innovators and buyers. Furthermore, platform liability can have unintended consequences, which overturn the … intended effect on innovation. Platform liability tends to increase (decrease) innovation and consumer welfare when the …

This paper addresses the role of product liability for the emergence and development of smart products such as … autonomous vehicles (AVs). We analyze how the liability regime affects innovative activities, as well as the timing of market … shifting more liability on the producers of AVs. First, while this improves the safety of AVs in the long run, the safety stock …

the probability of accident, and allowing the social welfare maximizing government to impose a lower liability [higher …We focus in this paper on the effects of court errors on the optimal sharing of liability between firms and financiers …, governments and courts we show, through numerical simulations, the distortions in liability sharing between firms and financiers …

percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …

We contrast alternative liability rules for social control of product risks when heterogeneous consumers considering …’ mispredictions vary with the prevailing liability regime. We first characterize the consumers’ purchasing decision and the … equilibrium levels of safety and activity from the product’s usage under no liability, strict liability, and negligence rule. We …