Consumers The Legal System And Product Liability Reform

"This is a volume of informal background papers on product liability prepared for the federal government. The principles of product liability are the legal and practical commercial rules that determine the apportionment of loss caused by a product in the marketplace, whether the damage is purely economic or physical as well. Although the rules apply to all transactions, for our purposes the focus will be on transactions involving consumer products, including both goods and services. The essays in this volume were prepared to provide an informal introduction to the legal framework for economists working in the field and to ensure that all the essential legal policy issues are raised and sufficiently explored in future research in the field"--Foreword