Scientific Information and Products Liability: An Economic Analysis
This paper demonstrates that the utilization of information that is available ex-post but unavailable ex-ante may lead to adverse incentive effects in the design of new products, i.e., in installing safety devices in products, in developing technologies that reduce the distribution of risks involved in the use of products and in investing in research that can identify the risks in advance.
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|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.|
Web page: http://econ.tau.ac.il/foerder/about
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