Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/190321 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
ILE Working Paper Series No. 20
Verlag: 
University of Hamburg, Institute of Law and Economics (ILE), Hamburg
Zusammenfassung: 
This paper analyzes the workings of liability when harm-inflicting consumers are present biased and both product safety and consumer care influence expected harm. We show that present bias introduces a rationale for shifting some losses onto the manufacturer, in stark contrast with the baseline scenario in which strict consumer liability induces socially optimal product safety and precaution levels. In addition, we establish that strict liability with contributory negligence may induce socially optimal product safety and precaution choices without aggravating the output level distortion.
Schlagwörter: 
Liability
Present Bias
Product Safety
Consumer Precaution
JEL: 
D91
H23
K13
Dokumentart: 
Working Paper

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