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Research of Economic Theory of Liability on Food Industry

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  • Wang Shaohua

Abstract

The core operation of a company is maximum their profit, accordingly the behavior of a company is making profit as much as he can, which will may harm the natural people and damage the social product and welfare. Especially for the food industry, a human traditional and important social economic activity, the balance of social optimum between firms and consumers is a relative complete and different issue to the court and government. Consequently, this article main introduced the liability allocation between injurer and victim under the consideration of social optimum in the food industry.

Suggested Citation

  • Wang Shaohua, 2020. "Research of Economic Theory of Liability on Food Industry," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(3), pages 122-126, September.
    • Handle: RePEc:khe:scajes:v:6:y:2020:i:3:p:122-126
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    References listed on IDEAS

    as
    1. Tempels, Tjidde & Blok, Vincent & Verweij, Marcel, 2020. "Injustice in Food-Related Public Health Problems: A Matter of Corporate Responsibility," Business Ethics Quarterly, Cambridge University Press, vol. 30(3), pages 388-413, July.
    2. Gérard Mondello, 2020. "Strict Liability vs Negligence: Is Economic Efficiency a Relevant Comparison Criterion?," GREDEG Working Papers 2020-18, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    3. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
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    More about this item

    Keywords

    Liability; Economic Theory; Food Industry Safety;
    All these keywords.

    JEL classification:

    • K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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