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Firm liability when third-parties and consumers incur cumulative harm

Author

Listed:
  • Eric Langlais

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Tim Friehe

  • Elisabeth Schulte

Abstract

This paper analyzes liability rules when consumers and third parties/the environment incur harm. Expected harm is convex in the level of output and modeled as a power function. We show that the social ranking of liability rules previously established for the case in which only consumers suffer harm (Strict Liability dominates No Liability and Negligence) may be reversed if harm to third parties or the environment is sufficiently important.

Suggested Citation

  • Eric Langlais & Tim Friehe & Elisabeth Schulte, 2022. "Firm liability when third-parties and consumers incur cumulative harm," Post-Print hal-03352700, HAL.
    • Handle: RePEc:hal:journl:hal-03352700
    DOI: 10.1007/s10640-021-00617-2
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    Cited by:

    1. is not listed on IDEAS
    2. Miriam C. Buiten, 2024. "Product liability for defective AI," European Journal of Law and Economics, Springer, vol. 57(1), pages 239-273, April.

    More about this item

    Keywords

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    JEL classification:

    • K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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