Cumulative Harm, Products Liability, and Bilateral Care

Daughety, Andrew F. and Reinganum, Jennifer F. (2013) Cumulative Harm, Products Liability, and Bilateral Care. IAST working paper, n. 13-06, Toulouse

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Official URL: http://iast.fr/pub/27401

Abstract

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 inextricably interrelated, and different liability regimes yield different combinations of care and output. As in the case of bilateral care with proportional harm, strict liability by itself leads to moral hazard on the part of the consumer, but strict liability with a defense of contributory negligence on the part of the consumer is now a resilient (that is, both robust and convergent) liability rule when harm is cumulative.

Item Type: Monograph (Working Paper)
Language: English
Date: June 2013
Place of Publication: Toulouse
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Institution: Université Toulouse 1 Capitole
Site: UT1
Date Deposited: 07 Jun 2016 07:40
Last Modified: 30 May 2018 06:40
OAI ID: oai:tse-fr.eu:27401
URI: http://publications.ut-capitole.fr/id/eprint/21613

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