Does Accuracy Improve the Information Value of Trials?

We develop a model where products liability trials provide information to consumers who are not parties to the litigation. Consumers use this information to take precautions against dangerous products. A critical assumption is that consumers cannot differentiate between firms that have never been本研究构建了一款模型，其中产品责任诉讼（products liability trials）可为并非该诉讼当事人的消费者提供相关信息。消费者可借助该信息针对危险产品采取防范措施。本模型的一项关键假设为：消费者无法区分从未……的企业。