Abstract In a tort-based legal system, when a party is injured as a consequence of another party’s negligence, the party should be provided with sufficient compensation so that he or she may live as fulfilling a life as possible after the injury. The moral objective underlying this supposition...

Abstract I analyze a model of patent races for COVID-19 vaccines under alternative liability rules. The first inventor of the vaccine gets the monopoly rent, but must assume full liability from its side effects. In this model, firms choose two kinds of investments, one for inventing a vaccine...

Zusammenfassung Mit dem neuen Kreislaufwirtschaftsgesetz, das auf die Produktverantwortung von Produzenten und die Schließung von Stoffkreisläufen abstellt, nimmt die Bedeutung von Rücknahmeverpflichtungen als abfallwirtschaftliches Instrument zu. In der vorliegenden Arbeit wird der...

Purpose – To provide fashion catalog distributors with an approach to reduce costs from returns processing by considering an array of characteristics related to demand, lead‐time, and inventory level. Design/methodology/approach – Apparel return rates from catalog sales are frequently...

Purpose – Reliability capability is a measure of the practices within an organization that contributes to the reliability of the final product and the effectiveness of these practices in meeting the reliability requirements of customers. The purpose of this paper is to propose a model for...

Products liability is having a substantial impact upon manufacturing industry. Marketing management is not immune and it is likely that products liability will lead to a major revision in product strategies.Starting from first principles, the monograph leads the reader through liability...

Auditors need to ensure that their companies possess proper systems to safeguard against product liability claims under consumer protection legislation. Such legislation is growing in severity in many parts of the world, notably in the European Community. The consequences can be product, brand...

Describes the impact of recent changes in US tort law and identifies four interest groups concerned: manufacturers, insurance companies, consumers and lawyers. Discusses their relative strengths, motivations and influence on judicial decisions, citing relevant liability cases for...

Abstract Beef food safety events have contributed to considerable market volatility, produced varied consumer reactions, created policy debates, sparked heated trade disputes, and generally contributed to beef industry frustrations. Utilizing data from a total of 4,005 consumers in the United...

In this paper we develop a model of food safety regulation that considers the employment of a differentiated food market with two types of government certified quality standards: a minimum standard and a higher one. Individuals, heterogeneous in their susceptibility to food-related health risks,...