Download This PaperDoes Product Liability Make Us Safer?
9 Pages Posted: 5 Apr 2012 Last revised: 29 May 2012
There are 2 versions of this paper
Does Product Liability Make Us Safer?
Date Written: April 4, 2012
Abstract
Product liability law is intended to create an environment that fosters safer products. However, this law often has adverse consequences. Some of the problems stem from the inherent nature of product risk decisions and the function of tort liability, while others may derive from individuals’ cognitive limitations and inability to think properly about balancing risk and cost. This paper examines both types of problems and summarizes relevant academic literature.
Suggested Citation: Suggested Citation
W. Kip Viscusi (Contact Author)
Vanderbilt University - Law School ( email )
131 21st Avenue South
Nashville, TN 37203-1181
United States
615-343-7715 (Phone)
615-322-5953 (Fax)
Vanderbilt University - Owen Graduate School of Management
401 21st Avenue South
Nashville, TN 37203
United States
(615) 343-7715 (Phone)
(615) 343-5953 (Fax)
HOME PAGE: http://business.vanderbilt.edu/bio/w-kip-viscusi/
Vanderbilt University - Strategy and Business Economics
Nashville, TN 37203
United States
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