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Research Details

Products Liability and Monopoly in a Contestable Market, Economica

Abstract

Sustainable monopoly prices, outputs and producer care are examined in a contestable market setting under alternative liability rules. The market attains a second-best optimum under strict liability, negligence and no liability. The threat of entry is thus sufficient for a monopoly to supply second-best optimal product quality.

Type

Article

Author(s)

Daniel Spulber

Date Published

1988

Citations

Spulber, Daniel. 1988. Products Liability and Monopoly in a Contestable Market. Economica. 55(219): 333-341.

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