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The Inefficiency of Contractually-Based Liability with Rational Consumers

  • Abraham Wickelgren

    (Bureau of Economics, Federal Trade Commission)

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    File URL: http://law.bepress.com/cgi/viewcontent.cgi?article=1061&context=alea
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    Paper provided by American Law & Economics Association in its series American Law & Economics Association Annual Meetings with number 1061.

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    Handle: RePEc:bep:alecam:1061
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    1. Ma, C.A., 1991. "Renegotiation and Optimality in Agency Contracts," Papers 29, Stanford - Institute for Thoretical Economics.
    2. Russell Cooper & T.W. Ross, 1984. "Product Warranties and Double Moral Hazard," Cowles Foundation Discussion Papers 716, Cowles Foundation for Research in Economics, Yale University.
    3. Spence, A Michael, 1977. "Consumer Misperceptions, Product Failure and Producer Liability," Review of Economic Studies, Wiley Blackwell, vol. 44(3), pages 561-72, October.
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