Document Type
Article
Publication Title
Regulation
Publication Date
2012
ISSN
0147-0590
Page Number
24
Keywords
adverse consequences, tort liability, damages, product liability
Disciplines
Consumer Protection Law | Law | Torts
Abstract
Product liability law is intended to create an environment that fosters safer products. However, this law often has adverse consequences. Some of the problems stem from the inherent nature of product risk decisions and the function of tort liability, while others may derive from individuals’ cognitive limitations and inability to think properly about balancing risk and cost. This paper examines both types of problems and summarizes relevant academic literature.
Recommended Citation
W. Kip Viscusi,
Does Product Liability Make Us Safer?, 35 Regulation. 24
(2012)
Available at: https://scholarship.law.vanderbilt.edu/faculty-publications/70