| Description |
viii, 44 pages ; 21 cm |
| Contents |
Brief History of Products Liability -- The Product Liability Crisis -- Aftermath: 1988-89 -- Economic Model -- Output, Entry, and Exit -- Research and Development and Innovation Effects -- Competitiveness -- Stock Market and Other Effects -- Evidence on the Consequences of Product Liability Risks -- Evidence on the Effects of Product Liability Reforms -- Policy Implications of Product Liability Reforms -- Problems and Prospects of Mass Toxic Torts |
| Summary |
"This report examines key issues concerning the law and economics of product liability. The authors begin with a brief description of the evolution of product liability doctrine in the U.S., up to the point of the liability crisis of the late 1980s. They discuss the economic implications of product risk for both consumers and producers, offer economic hypotheses on the implications of the increased scope of liability and subsequent reforms, and provide an update of trends in litigation and liability law."--BOOK JACKET |
| Bibliography |
Includes bibliographical references (pages 41-44) |
| Notes |
English |
| Subject |
Products liability -- Economic aspects.
|
|
Products liability -- United States -- History.
|
| Author |
Viscusi, W. Kip.
|
|
Brookings Institution.
|
| LC no. |
2001005538 |
| ISBN |
0815702299 (alk. paper) |
|
