Switching Consumers and Product Liability:On the Optimality of Incomplete Strict Liability

Kurzanzeige
dc.contributor.authorBaumann, Floriandeu
dc.contributor.authorFriehe, Tim
dc.contributor.authorGrechenig, Kristoffeldeu
dc.date.accessioned2011-03-23T10:19:50Zdeu
dc.date.available2011-03-23T10:19:50Zdeu
dc.date.issued2010deu
dc.description.abstractThis paper shows that it may be socially optimal to grant accident victims less than full compensation. In our framework, firms are liable under product liability but also invest in care to prevent consumers switching to competitors. Affecting the partition of consumers by means of care-taking is not desirable from a social standpoint. Consequently, it may be optimal to reduce liability below full compensation in order to adjust firms care incentives.eng
dc.description.versionpublished
dc.identifier.urihttp://kops.uni-konstanz.de/handle/123456789/3284
dc.language.isoengdeu
dc.legacy.dateIssued2010deu
dc.rightsterms-of-usedeu
dc.rights.urihttps://rightsstatements.org/page/InC/1.0/deu
dc.subjectTort lawdeu
dc.subjectproduct liabilitydeu
dc.subjectcare leveldeu
dc.subjectasymmetric informationdeu
dc.subjectswitchingdeu
dc.subject.ddc330deu
dc.titleSwitching Consumers and Product Liability:On the Optimality of Incomplete Strict Liabilityeng
dc.typeWORKINGPAPERdeu
dspace.entity.typePublication
kops.citation.bibtex
@techreport{Baumann2010Switc-3284,
  year={2010},
  title={Switching Consumers and Product Liability:On the Optimality of Incomplete Strict Liability},
  author={Baumann, Florian and Friehe, Tim and Grechenig, Kristoffel}
}
kops.citation.iso690BAUMANN, Florian, Tim FRIEHE, Kristoffel GRECHENIG, 2010. Switching Consumers and Product Liability:On the Optimality of Incomplete Strict Liabilitydeu
kops.citation.iso690BAUMANN, Florian, Tim FRIEHE, Kristoffel GRECHENIG, 2010. Switching Consumers and Product Liability:On the Optimality of Incomplete Strict Liabilityeng
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