This paper formally analyzes strict liability and negligence in a market setting. The discussion emphasizes the impact …

US and EU consumer retail markets. It is a matter of controversy whether and how product liability rules, which have been … Article explores how courts and lawmakers on both sides of the Atlantic are trying to adjust the existing product liability … the US differ considerably. While US law focusses on indirect regulation through product liability, EU law puts its …

In the manuscript I derive a fundamental quantitative model of normal legal behavior in liability law and describe how … deviating from this behavior results in liability in an abstract world where unlawful damage should be minimalized. I start with … a theoretical quantitative model for minimizing (the damage resulting from) liability. It is a risk minimizing (mean …

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 …

liability for accident losses and invests efficiently. When the consumer's net benefit function is increasing in consumer type …, the firm contractually disclaims liability and under-invests. Legal interventions, including products liability and limits …