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Tort Law x Microeconomics x clear all

Cumulative Harm, Products Liability, and Bilateral Care

Andrew F. Daughety and Jennifer F. Reinganum.

in American Law and Economics Review

December 2013; p ublished online September 2013 .

Journal Article. Subjects: Tort Law; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 10629 words.

We extend consideration of cumulative harm in products liability to the case of bilateral care. For this specification, the level of care and the level of output chosen by the firm are...

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Growing Out of Trouble? Corporate Responses to Liability Risk

Todd A. Gormley and David A. Matsa.

in The Review of Financial Studies

August 2011; p ublished online April 2011 .

Journal Article. Subjects: Production and Organizations; Corporate Governance; Mergers and Acquisitions; Tort Law. 19909 words.

This article analyzes corporate responses to the liability risk arising from workers' exposure to newly identified carcinogens. We find that firms, especially those with weak balance...

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Of Tastes and Values

Guido Calabresi.

in American Law and Economics Review

December 2014; p ublished online September 2014 .

Journal Article. Subjects: General Economics; History of Economic Thought (to 1925); History of Economic Thought (1925 onwards); Economic Methodology; Microeconomics; Production and Organizations; Welfare Economics; Analysis of Collective Decision-making; Taxation, Subsidies, and Revenue; Publicly Provided Goods; Economics of Health; Education and Research Institutions; Law and Economics; Tort Law; Nonprofit Organizations and Public Enterprise; Capitalist Systems; Economic Sociology. 8249 words.

This lecture was delivered by Judge Calabresi upon receiving the Ronald H. Coase Medal at the Annual Meeting of the American Law and Economic Association at Stanford Law School on May 18,...

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Optimal Sharing of Foodborne Illness Prevention between Consumers and Industry: The Effect of Regulation and Liability

Brian Roe.

in American Journal of Agricultural Economics

May 2004; p ublished online May 2004 .

Journal Article. Subjects: Manufacturing; Household Behaviour and Family Economics; Tort Law; Agricultural Economics. 9231 words.

Consumers and the food industry can both prevent foodborne illness. Two questions are explored: what is the socially optimal level of preventative effort by each and can tort and regulatory...

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Over-optimism and lender liability in the consumer credit market

Elisabetta Iossa and Giuliana Palumbo.

in Oxford Economic Papers

April 2010; p ublished online April 2009 .

Journal Article. Subjects: Household Behaviour and Family Economics; Financial Regulation; Tort Law. 8487 words.

Credit purchases of consumer goods are commonly made upon terms governed by an agreement between the lender and the seller. The puzzle that the paper addresses is the issue that in this...

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Population-Based Liability Determination, Mass Torts, and the Incentives for Suit, Settlement, and Trial

Andrew F. Daughety and Jennifer F. Reinganum.

in The Journal of Law, Economics, and Organization

December 2010; p ublished online February 2009 .

Journal Article. Subjects: Law and Economics; Information, Knowledge, and Uncertainy; Tort Law. 15443 words.

We explore how the incentives of a plaintiff, when considering filing suit and bargaining over settlement, differ between suits associated with stand-alone torts cases and suits involving...

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Product Safety, Buybacks, and the Post-Sale Duty to Warn

Kathryn E. Spier.

in The Journal of Law, Economics, and Organization

October 2011; p ublished online October 2009 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Household Behaviour and Family Economics; Tort Law; Market Structure, Firm Strategy, and Market Performance. 10129 words.

A manufacturer learns a product's risks after it has been sold and distributed to consumers. When held strictly liable for product-related injuries, the manufacturer offers to repurchase...

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Solving the Volunteer's Dilemma: The Efficiency of Rewards Versus Punishments

Shmuel Leshem and Avraham Tabbach.

in American Law and Economics Review

April 2016; p ublished online November 2015 .

Journal Article. Subjects: Analysis of Collective Decision-making; Tort Law. 10743 words.

This paper studies a class of second-best solutions to the Volunteer's Dilemma. We consider a game in which each one of [math] players must simultaneously choose whether to incur a cost and...

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Willingness to Pay, Death, Wealth, and Damages

Ariel Porat and Avraham Tabbach.

in American Law and Economics Review

January 2011; p ublished online April 2011 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Welfare Economics; Economics of Health; Law and Economics; Tort Law. 21676 words.

When people face risk of death, they overinvest in risk reduction: first, they discount their risk-reduction costs by the probability of death; second, they consider the consumption of...

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