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Tort Law x Information, Knowledge, and Uncertainy x clear all

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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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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