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PRODUCT LIABILITY AND MICROBIAL FOODBORNE ILLNESS AgEcon
Frenzen, Paul D.; Buzby, Jean C.; Rasco, Barbara.
This report examines how product liability law treats personal injuries attributed to microbially contaminated foods. The risk of lawsuits stemming from microbial foodborne illness and the resulting court-awarded compensation may create economic incentives for firms to produce safer food. It is not known how many consumers seek compensation for damages from contaminated foods because information about complaints and legal claims involving foodborne illness is not readily accessible, especially for cases that are settled out of court. Reviewing the outcomes of 175 jury trials involving foodborne pathogens, the analysis identifies several factors that influence trial outcomes, while noting that the awards won by plaintiffs tend to be modest.
Tipo: Report Palavras-chave: Foodborne illness; Food safety; Jury verdict; Personal injury; Product liability; Food Consumption/Nutrition/Food Safety.
Ano: 2001 URL: http://purl.umn.edu/34059
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Product liability: the normative Austrian perspective AgEcon
Folmer, Henk; Heijman, Wim J.M.; Leen, Auke R..
The paper is an exercise in a normative economic analysis of product liability. After a short historical introduction, we take two of the basic premises of Austrian economic thought and see which system of product liability results. If costs are subjective and entrepreneurship is the essence of an efficient market process a system of caveat emptor follows. The paper also answers some possible criticisms from the mainstream neoclassical perspective.
Tipo: Working or Discussion Paper Palavras-chave: Austrian economics; Product liability; Contract law; Consumer/Household Economics; B29; K12; K13.
Ano: 2001 URL: http://purl.umn.edu/43020
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PRIVATE AND PUBLIC FOOD SAFETY CONTROL MECHANISMS: INTERDEPENDENCE AND EFFECTIVENESS AgEcon
Mojduszka, Eliza M..
In this paper, we propose new research methods and approaches in the area of food safety economics that would improve the allocation and effectiveness of private and public resources and efforts in ensuring food safety. The focus is on approaches that would build a comprehensive understanding of the interdependence between private and public food safety control mechanisms, including direct regulation by process and performance safety standards, traceability requirements, product liability, and product liability insurance; contribute to the development and analysis of loss control functions related to food safety hazards and to the assessment of the insurability of agricultural producers and food processors from such risks; as well as evaluate the impact of...
Tipo: Conference Paper or Presentation Palavras-chave: Food safety control mechanisms; Food safety recall insurance; Product liability; Traceability; Food Consumption/Nutrition/Food Safety; Q130; L110; L150.
Ano: 2004 URL: http://purl.umn.edu/19987
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