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Handbook of the Economics of Risk and Uncertainty
book

Handbook of the Economics of Risk and Uncertainty

by Mark Machina, W. Kip Viscusi
November 2013
Beginner content levelBeginner
896 pages
35h 10m
English
North Holland
Content preview from Handbook of the Economics of Risk and Uncertainty
Thomas J. Kniesner and John D. Leeth
574
safety, as might be expected in the case of design defects, but raises injuries when con-
sumers are the low-cost providers of safety, as might be expected when injuries result
from inappropriate care in using the product.
The tort system of product liability has been augmented several times by federal
agencies charged with creating and enforcing safety and health standards. The first
federal involvement began in the early 1900s with passage of the Meat Inspection Act
of 1906, which directed the U.S. Department of Agriculture to inspect meat and meat
products to ensure that animals are slaughtered and pr ...
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Publisher Resources

ISBN: 9780444536853