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首页> 外文期刊>Journal of law, economics, & organization >Competition, Product Safety, and Product Liability
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Competition, Product Safety, and Product Liability

机译：竞争，产品安全和产品责任

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摘要

A firm's incentive to invest in product safety is affected by both market environment and product liability. We investigate the relationship between competition and product liability in a spatial model of oligopoly, where reputation provides a market incentive for safety investment and higher liability may distort consumers' incentive for product care. We find that partial liability, together with reputation concerns, can motivate firms to make safety investment. Increased competition due to less product differentiation diminishes a firm's gain from maintaining reputation and raises the socially desired product liability. On the other hand, an increase in the number of competitors reduces the benefit from maintaining reputation, but has a non-monotonic effect on the potential gain from cutting back safety investment; consequently, the optimal liability may vary non-monotonically with the number of competitors. In general, therefore, the relationship between competition and product liability is subtle, depending on how competition is measured.
机译：公司投资产品安全的动机受到市场环境和产品责任的影响。我们在寡头垄断的空间模型中研究竞争与产品责任之间的关系，在该模型中，声誉为安全投资提供了市场激励，而更高的责任可能会扭曲消费者对产品护理的激励。我们发现，部分责任与声誉问题一起可以激励公司进行安全投资。由于产品差异化程度降低而导致的竞争加剧，削弱了公司从维护声誉中获得的收益，并提高了社会期望的产品责任。另一方面，竞争者数量的增加降低了维护声誉的收益，但对削减安全投资的潜在收益却具有非单调的影响；因此，最佳责任可能会随着竞争者的数量而单调变化。因此，通常，竞争与产品责任之间的关系是微妙的，这取决于如何衡量竞争。

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  • 来源
    《Journal of law, economics, & organization》 |2017年第2期|237-267|共31页
  • 作者

    Chen Yongmin; Hua Xinyu;

  • 作者单位

    Univ Colorado, Dept Econ, Boulder, CO 80309 USA|Zhejiang Univ, Sch Econ, Hangzhou, Zhejiang, Peoples R China;

    Hong Kong Univ Sci & Technol, Dept Econ, Hong Kong, Hong Kong, Peoples R China;

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