Firm Liability When Third Parties and Consumers Incur Cumulative Harm
2022
Friehe, Tim | Langlais, Eric | Schulte, Elisabeth
This paper analyzes liability rules when consumers and third parties/the environment incur harm. Expected harm is convex in the level of output and modeled as a power function. We show that the social ranking of liability rules previously established for the case in which only consumers suffer harm (Strict Liability dominates No Liability and Negligence) may be reversed if harm to third parties or the environment is sufficiently important.
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书目信息
Environmental and resource economics
卷
81
期
1
页码
53
- 71
ISSN
0924-6460
出版者
Springer Netherlands
语言
英语
类型
Journal Article; Text
2024-02-28
MODS