The Law and Economics of Concealing Health and Safety Information
40 Pages Posted: 25 Mar 2017
Date Written: January 2017
A conspiracy to conceal information is a central allegation in prominent mass tort claims totaling billions of dollars. Analysis of such claims can be informed by evaluating firms' economic incentives to conceal substantive information. We show that these incentives — and thus the potential merit of such allegations — relies on the dynamic nature of the "markets" for information and innovation, which determine current and future expected public information dissemination and determine the likelihood of successful concealment of information.
Keywords: Information Concealment, Conspiracy, Mass Tort, Dynamic Markets, Innovation
JEL Classification: D43, K13, K21, K32
Suggested Citation: Suggested Citation