Abstract
Defective consumer products impose significant costs on consumers and third parties when they cause fatalities and injuries. This Article develops a novel approach to measuring the true extent of such costs, which may not be accurately captured under current methods of estimating the cost of dangerous products. Current analysis rests on a narrowly defined set of costs, excluding certain types of costs. The cost-of-injury estimates utilized in this Article address this omission by quantifying and incorporating these costs to provide a more complete picture of the true impact of defective consumer products. The new estimates help to gauge the true value of the civil liability system.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 775-829 |
| Number of pages | 55 |
| Journal | Cornell journal of law and public policy |
| Volume | 18 |
| Issue number | 3 |
| State | Published - Jun 2009 |
| Externally published | Yes |
Fingerprint
ASJC Scopus subject areas
- Medicine(all)
Cite this
The social costs of dangerous products : an empirical investigation. / Shapiro, Sidney; Ruttenberg, Ruth; Leigh, J Paul.
In: Cornell journal of law and public policy, Vol. 18, No. 3, 06.2009, p. 775-829.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - The social costs of dangerous products
T2 - an empirical investigation.
AU - Shapiro, Sidney
AU - Ruttenberg, Ruth
AU - Leigh, J Paul
PY - 2009/6
Y1 - 2009/6
N2 - Defective consumer products impose significant costs on consumers and third parties when they cause fatalities and injuries. This Article develops a novel approach to measuring the true extent of such costs, which may not be accurately captured under current methods of estimating the cost of dangerous products. Current analysis rests on a narrowly defined set of costs, excluding certain types of costs. The cost-of-injury estimates utilized in this Article address this omission by quantifying and incorporating these costs to provide a more complete picture of the true impact of defective consumer products. The new estimates help to gauge the true value of the civil liability system.
AB - Defective consumer products impose significant costs on consumers and third parties when they cause fatalities and injuries. This Article develops a novel approach to measuring the true extent of such costs, which may not be accurately captured under current methods of estimating the cost of dangerous products. Current analysis rests on a narrowly defined set of costs, excluding certain types of costs. The cost-of-injury estimates utilized in this Article address this omission by quantifying and incorporating these costs to provide a more complete picture of the true impact of defective consumer products. The new estimates help to gauge the true value of the civil liability system.
UR - http://www.scopus.com/inward/record.url?scp=77949903197&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=77949903197&partnerID=8YFLogxK
M3 - Article
C2 - 20235402
AN - SCOPUS:77949903197
VL - 18
SP - 775
EP - 829
JO - Cornell journal of law and public policy
JF - Cornell journal of law and public policy
SN - 1069-0565
IS - 3
ER -