well. -- aftermarkets ; monopolization ; liability …We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the … consumers. Furthermore, while the manufacturers invest more in order to offer cars with higher qualities, monopolization tends …

We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the … consumers. Furthermore, while the manufacturers invest more in order to offer cars with higher qualities, monopolization tends … external effect inasmuch as liability obligations imply that consumers of competing products have to pay the high prices as …

We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the … consumers. Furthermore, while the manufacturers invest more in order to offer cars with higher qualities, monopolization tends … external effect inasmuch as liability obligations imply that consumers of competing products have to pay the high prices as …

Contributing to the literature on the consequences of behavioral biases for market outcomes and institutional design …, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We …

the expert's liability for determining whether informed customers have real effects on market outcomes. On the other hand … that efficiency and fraud in a monopolist credence goods market are crucially determined by two key assumptions concerning … the verifiability of the quality provided and the expert's liability. In this paper, we identify the information …