Economic analysis demonstrates how hindsight-based liability alters manufacturer safety incentives, indicating trade-offs between innovation and risk prevention.
Omri Ben-Shahar; Should Products Liability Be Based on Hindsight?, The Journal of Law, Economics, and Organization, Volume 14, Issue 2, 1 October 1998, Pages 32
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Omri Ben‐Shahar (1998) studied this question.
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