In this chapter we consider how models of imperfect competition, developed by scholars working in industrial organization, provide insight into an important area of law: products liability (that is, liability for harms and losses associated with goods and services sold via markets). Remarkably,...

In this paper we examine the nexus between product markets and the legal system. We examine a model wherein oligopolists produce differentiated products that also have a safety attribute. Consumption of these products may lead to harm (to consumers and/or third parties), lawsuits, and...

Recently, the European Commission has issued the Directive 2004/35/CE on environmental liability with regard to the prevention and remedying of environmental liability. The Directive extends liability that usually refers to personal injuries and private property to harm where private property...