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Products Liability, Consumer Misperceptions, and Market Power

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NBER1982-07-01 更新2025-01-04 收录
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This paper compares alternative liability rules for allocating losses from defective products when consumers under- estimate these losses and producers may have some market power. If producers do not have any market power, the rule of strict liability.leads to both the first-best accident

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1982-07-01
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