Academic

Geistfeld on the Law & Economics of Products Liability

By Lawrence Solum

Mark Geistfeld (New York University - School of Law) has posted Products Liability (THE ENCYCLOPEDIA OF LAW AND ECONOMICS, 2d edition, Michael Faure, ed., Edward Elgar Press, 2010) on SSRN. Here is the 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.

Full post as published by Legal Theory Blog on May 07, 2009 (boomark / email).