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Product Liability

Report

Report

Economic Effects of Product Liability and Other Litigation Involving the Safety and Effectiveness of Pharmaceuticals

Opponents of product liability claim that liability reduces product availability, increases prices, and discourages innovation. Supporters claim that liability uncovers information about drug hazards and deters socially undesirable corporate behavior.

Feb 19, 2013
Project

RAND Institute for Civil Justice

The RAND Institute for Civil Justice (ICJ), a part of the Justice Policy program, conducts research on all aspects of civil justice, from trends in litigation and jury verdicts to punitive damages, compensation systems, and alternative dispute resolution. Directly or indirectly, civil justice issues have an impact on us all.

Oct 3, 2011
News Release

News Release

Links Between Asbestos Bankruptcy Trusts, Tort Cases Examined

Asbestos bankruptcy trusts—created to compensate people injured by the mineral—may be influencing tort cases. The current way that the trusts and the tort cases are linked together may result in payments that are not consistent with the basic principles of the tort liability system.

Aug 18, 2011
Report

Report

Links Between Asbestos Bankruptcy Trusts, Tort Cases Examined

Asbestos bankruptcy trusts—created to compensate people injured by the mineral—may be influencing tort cases. The current way that the trusts and the tort cases are linked together may result in payments that are not consistent with the basic principles of the tort liability system.

Aug 18, 2011
Journal Article

Journal Article

The Effects of Product Liability Exemption in the Presence of the FDA

n the United States, drugs are jointly regulated by the US Food and Drug Administration, which oversees premarket clinical trials designed to ensure drug safety and efficacy, and the liability system, which allows patients to sue manufacturers for unsafe drugs. In this paper, the authors examine the potential welfare effects of this dual system to ensure the safety of medical products, and conclude that product liability exemptions for FDA regulated activities could raise economic efficiency.

Dec 1, 2009
Report

Report

Framing the Compensation Inquiry

Framing the Compensation Inquiry

Jan 1, 2004
Journal Article

Journal Article

Medical Monitoring for Pharmaceutical Injuries

The authors addressed research questions regarding the efficacy of herbal ephedra and ephedrine for weight loss and athletic performance.

Jan 1, 2003
Report

Report

Product and Stock Market Response to Automotive Product Liability Verdicts

In this paper, the authors attempt to develop information about a narrow but important piece of a very complex puzzle -- the sketchy economic effects of product liability.

Jan 1, 1999
Report

Report

Newspaper Coverage of Automotive Product Liability Verdicts

For product liability verdicts during 1983 to 1996 involving automobile manufacturers, the authors examine the amount of coverage in several dozen newspapers.

Jan 1, 1999
Report

Report

The real world of tort litigation

The real world of tort litigation

Jan 1, 1998
Report

Report

Product Liability, Punitive Damages, Business Decisions and Economic Outcomes

This article aims to help readers think systematically about the economic effects of product liability and punitive damages.

Jan 1, 1998
Report

Report

Estimating Liability Risks with the Media as Your Guide: A Content Analysis of Media Coverage of Tort Litigation

A content analysis of 249 articles from Time, Newsweek, Fortune, Forbes, and Business Week during 1980-1990 examined the representativeness of popular media coverage of tort litigation.

Jan 1, 1997
Report

Report

Understanding Mass Personal Injury Litigation: A Socio-Legal Analysis

The civil justice system has not responded well to the challenge of handling mass torts, and many innovations have been proposed to improve processing of these cases.

Jan 1, 1994
Research Brief

Research Brief

Can Reform Improve the Economic Effects of Product Liability? Evidence From the Pharmaceutical and Medical Device Industries

This research brief summarizes the economic effects of product liability in the drug and medical device industries, how the system produces those effects, and what kinds of reforms could increase the system's benefits while reducing its costs.

Jan 1, 1994
Report

Report

What we know and don't know about product liability

An edited transcript of written testimony delivered in September 1991 to the Consumer Subcommittee of the United States Senate Commerce Committee. The author covers five topics: trends in product liability; the nature and extent of product-associated...

Jan 1, 1993
Research Brief

Research Brief

Corporate Liability: How Big Is the Real Price Tag?

In the last decade, U.S. corporations have faced growing legal liabilities. Peter Reuter tests a framework for analyzing how these liabilities might affect corporations economically, and offers evidence of liability’s influence on corporate behavior.

Jan 1, 1989
Report

Report

The Economic Consequences of Expanded Corporate Liability: An Exploratory Study

Presents a framework for analyzing how expanded liability might affect such outcomes as productivity and international competitiveness and offers some preliminary evidence on the impact of expanded liabilities on the behavior of corporations.

Jan 1, 1988
Report

Report

Summary of Research Results on Product Liability

This paper is an edited transcript of written testimony delivered in October 1986 to the United States Senate Judiciary Committee.

Jan 1, 1986
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Summary of research results on the tort liability system

This paper was originally presented as testimony before the Consumer Subcommittee of the Senate Committee on Commerce, Science, and Transportation in February 1986. It presents results of research conducted by the Institute for Civil Justice relevant...

Jan 1, 1986
Report

Report

Designing Safer Products: Corporate Responses to Product Liability Law and Regulation

Analyzes ways in which firms have responded to recent changes in pressures to design safer products, based on interviews with product safety officials in major manufacturers and extensive analysis of legal and scholarly literature.

Jan 1, 1985

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