Edited Transcript of AALS-AEA Conference on Products Liability

Edited Interview Transcript

We know that, across the world, socioeconomic status is a powerful predictor of health. In fact, it’s a more powerful predictor of health than genetics or medical care or cigarette smoking. Now, why is that important to our discussion of race? It’s very important because, on average, in our society, socioeconomic status differs by race. So, on average, Blacks have lower levels of income, lower ...

Products Liability

Conference on abuse liability and appeal of tobacco products: conclusions and recommendations.

The rate of initiation and progression to dependence and premature mortality are higher for tobacco products than for any other dependence producing substance. This is not explained simply by the addictiveness ("abuse liability") or by enticing product designs ("product appeal") alone, but rather by both of these factors in combination with marketing and social influences that also influence "p...

Products Liability--An Analysis of Market Share Liability

Products Liability , Signaling and Disclosure

In this paper we examine the behavior of a firm that produces a product with a privatelyobserved safety attribute; that is, consumers cannot observe directly the product’s safety. The firm may, at a cost, disclose its safety prior to sale; alternatively, if a firm does not disclose its safety then consumers can attempt to infer its safety from the price charged. The liability system is importan...