Firm Liability When Third Parties and Consumers Incur Cumulative Harm

This paper analyzes liability rules when consumers and third parties/the environment incur harm. Expected harm is convex in the level of output and modeled as a power function. We show that the social ranking of liability rules previously established for the case in which only consumers suffer harm (Strict Liability dominates No Liability and Negligence) may be reversed if harm to third parties or the environment is sufficiently important.

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Year of publication:	2021
Authors:	Friehe, Tim ; Langlais, Eric ; Schulte, Elisabeth
Published in:	Environmental and Resource Economics. - Dordrecht : Springer Netherlands, ISSN 1573-1502. - Vol. 81.2021, 1, p. 53-71
Publisher:	Dordrecht : Springer Netherlands
Subject:	Liability \| Cumulative harm \| Environmental harm

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1007/s10640-021-00617-2 [DOI]
Classification:	K13 - Tort Law and Product Liability ; Q50 - Environmental Economics. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10014501802