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Should consumers be permitted to waive products liability? : product safety, private contracts and adverse selection

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Should consumers be permitted to waive products liability? : product safety, private contracts, and adverse selection

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Allocating product liability in a multimarket setting

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Should Consumers Be Permitted to Waive Products Liability? Product Safety, Private Contracts, and Adverse Selection

Choi, Albert H. - 2015

A potentially dangerous product is supplied by a competitive market. The likelihood of a product-related accident depends on the unobservable precautions taken by the manufacturer and on the type of the consumer. Contracts include the price to be paid by the consumer ex ante and stipulated...

Persistent link: https://www.econbiz.de/10013038569