Photo Tim Friehe

Tim Friehe

Professeur(e)
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  • Research group

      Droit, Institutions, Règlementation et Interactions Stratégiques

  • Theme(s)
    • Economie du droit
    • Droit des accidents et responsabilité civile
    • Responsabilité environnementale
    • Réglementation

2018-43 "On consumer preferences for (partial) products liability"

Tim Friehe, Eric Langlais, Elisabeth Schulte

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Abstract
Traditional law and economics analyses of products liability find that different liability regimes lead to the same market outcome, implying that risk-neutral consumers are indifferent between products liability and no products liability. We present a setup in which a group of consumers supports the implementation of products liability although its enforcement is costly. All consumers may prefer the same level of (partial) products liability.
Classification-JEL
K13
Mot(s) clé(s)
Product Liability, Monopoly, Political Economy
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2014-8 "On the Political Economy of Public Safety Investments"

Tim Friehe, Eric Langlais

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Abstract
This paper explores the interaction of private precaution and public safety investments when the latter are determined in a political process. We distinguish the scenarios
in which the median victim infuences public safety from the one in which the injurer lobbies the public agent, and analyze both negligence and strict liability with a defense of contributory negligence. We establish that the levels of injurer and victim care are always socially optimal for the equilibrium level of public safety. However, the equilibrium level of public safety differs from its fi…rst-best level and drastically depends on both the specifi…cs of the political process and the liability rule applied. This entails that the level of social costs is critically determined by the choice between liability rules for a given political process.
Classification-JEL
K 13, D 72
Mot(s) clé(s)
liability law, care levels, public safety, political economy, median voter,firm lobbying
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