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Strategic R&D Investment Under Liability Law

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Listed author(s):
  • Alfred Endres
  • Tim Friehe

Abstract

This paper analyzes the incentives of duopolists to invest in advanced care technology under liability law. We establish that investment incentives under strict liability are in line with the taxonomy of Fudenberg and Tirole (1984), whereas the investment incentives under negligence most likely are not. Indeed, investment incentives under negligence are dependent on the timing of the policy maker’s regulations, whether or not due care is firm specific, and whether or not precautionary measures are durable .

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File URL: http://hdl.handle.net/10.1080/13571516.2012.715270
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Article provided by Taylor & Francis Journals in its journal International Journal of the Economics of Business.

Volume (Year): 19 (2012)
Issue (Month): 3 (November)
Pages: 359-376

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Handle: RePEc:taf:ijecbs:v:19:y:2012:i:3:p:359-376
DOI: 10.1080/13571516.2012.715270
Contact details of provider: Web page: http://www.tandfonline.com/CIJB20

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Cited by:

  1. Florian Baumann & Tim Friehe, 2015. "Optimal Damages Multipliers in Oligopolistic Markets," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 171(4), pages 622-640, December.

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