Tort Law, Risk, and Technological Innovation in England

Innovation , tort law , and competition

In this paper, we examine the link between innovative activity on the part of firms, the competitive pressure to introduce innovations and optimal damages awards. While innovative activity brings forth valuable new products for consumers, competitive pressure in the ensuing innovation race induces firms to launch innovations too early, thereby raising the likelihood of severe product risks abov...

Enacting risk in independent technological innovation

The present study aims at investigating the role of risk in the activity of independent technological venturing. Altogether 12 deep-interviews were conducted with technological entrepreneurs, who had taken part in the inventive, developmental and the commercialisation phases of a technologybased innovation process. The interviews revealed a number of enactment approaches through which these inn...

Modern Tort Law Demystified

Serious Tort Law Reform

Tort law is a form of collective intervention into social and economic affairs that carries with it substantial costs, both public and private. These costs include higher prices for goods and services, higher taxes, and the socially undesirable consequences that tort law has on people's behavior such as the failure of companies to develop and introduce products the public wants, the wasteful an...

Relevance of technological innovation and entrepreneurship to biotechnology in Iran

One of the latest and most controversial areas of science is biotechnology. Genetic engineering concerns with the manipulation of DNA molecules to modify plants, animals and other creatures. Scientists are now able to isolate a gene or genome in an animal or plant to another one, based on the traits they want to transfer. The movement of a gene from a living creature to another one is called th...