American University Law Review
risk-utility analysis, products liability, risk assessment
Consumer Protection Law | Law
The original emphasis of risk-utility analysis on the need for balanced decisions with respect to product liability is a correct and fundamental principle. Moreover, many traditional factors that have been considered are legitimate, but they did not provide a framework for comprehensive and consistent risk-utility judgments. The development in this Article of a series of economic formulations of the risk-utility test is intended to establish a sounder basis for a products liability defect doctrine.
W. Kip Viscusi,
Wading Through the Muddle of Risk-Utility Analysis, 39 American University Law Review. 573
Available at: https://scholarship.law.vanderbilt.edu/faculty-publications/140