Abstract
An earlier article in the Bell Journal analyzed the economics of product safety. Primary emphasis was on a full information model. However, since product safety is only a problem if consumer information is inadequate, policy implications of a full information analysis are suspect. This paper stresses the importance of treating product bans and liability rules as part of the consumer's information processing system.
| Original language | English |
|---|---|
| Pages (from-to) | 683-688 |
| Number of pages | 6 |
| Journal | Bell J Econ Manage Sci |
| Volume | 5 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 1974 |
ASJC Scopus Subject Areas
- General Engineering