Products Liability

THE ENCYCLOPEDIA OF LAW AND ECONOMICS, 2d edition, Michael Faure, ed., Edward Elgar Press, 2010

NYU Law and Economics Research Paper No. 09-19

55 Pages Posted: 5 May 2009  

Mark Geistfeld

New York University School of Law

Date Written: April 28, 2009

Abstract

This chapter for the Encyclopedia of Law and Economics (2d ed. forthcoming) provides a survey of the economic analysis of the law governing liability for defective products, commonly known as products liability. Sections 11.2 through 11.10 develop the economic framework for evaluating different liability rules. Sections 11.11 through 11.13 describe the impact that the products liability system has had on product safety, innovation, and the market for liability insurance. The remaining sections discuss the efficiency properties of the main doctrines in products liability.

Suggested Citation

Geistfeld, Mark, Products Liability (April 28, 2009). THE ENCYCLOPEDIA OF LAW AND ECONOMICS, 2d edition, Michael Faure, ed., Edward Elgar Press, 2010; NYU Law and Economics Research Paper No. 09-19. Available at SSRN: https://ssrn.com/abstract=1396369

Mark Geistfeld (Contact Author)

New York University School of Law ( email )

40 Washington Square South
Room 411A
New York, NY 10012-1099
United States
212-998-6683 (Phone)

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