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来源类型Working Paper
规范类型报告
DOI10.3386/w10972
来源IDWorking Paper 10972
Manufacturer Liability for Harms Caused by Consumers to Others
Bruce Hay; Kathryn E. Spier
发表日期2004-12-13
出版年2004
语种英语
摘要Should the manufacturer of a product be held legally responsible when a consumer, while using the product, harms someone else? We show that if consumers have deep pockets then manufacturer liability is not economically efficient. It is more efficient for the consumers themselves to bear responsibility for the harms that they cause. If homogeneous consumers have limited assets, then the most efficient rule is "residual-manufacturer liability" where the manufacturer pays the shortfall in damages not paid by the consumer. Residual-manufacturer liability distorts the market quantity when consumers' willingness to pay is correlated with their propensity to cause harm. It distorts product safety when consumers differ in their wealth levels. In both cases, consumer-only liability may be more efficient.
主题Other ; Law and Economics ; Microeconomics ; Welfare and Collective Choice
URLhttps://www.nber.org/papers/w10972
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/568606
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GB/T 7714
Bruce Hay,Kathryn E. Spier. Manufacturer Liability for Harms Caused by Consumers to Others. 2004.
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