How litigation can promote product safety.

Role of litigation in preventing product-related injuries.

Injuries and the law are connected in many important ways. The law can be a powerful tool for reducing the risk of injury (1). Laws can compel certain individual behaviors, such as seatbelt use, and prohibit other behaviors, such as speeding, to protect the safety of us all. Laws can also require product manufacturers to design and market their products in a manner that will reduce the likeliho...

Peaceful methods of The International Disputes Settlement and their impact on the development of international trade; With Emphasizing on the scope of the energy industry

International trade litigation represents, the extent to which countries participate in international trade, as well as its business activities on various economic issues. Since energy is one of main pillars of international trade, settlement international disputes can play an important role in international trade.This is especially evident in the energy sector, which plays an important role in...

Foreseeable Hazards and Misuse: Risk Assessment and Product Liability

Kenneth Ross is Of Counsel with Bowman and Brooke LLP in Minneapolis. He concentrates his practice in product safety, liability prevention, and preventive law. He co-chairs the DRI Product Liability Committee’s Manufacturer’s Risk Prevention Specialized Litigation Group. Bruce Main is president of Design Safety Engineering in Ann Arbor, Michigan. He serves on the Advisory Committee for the Inst...

American Government scientists: availability as expert witnesses in private litigation concerning pharmaceutical product injuries.

SECRECY AND SAFETY by Andrew

We employ a simple two-period model to show that the use of confidential settlement as a strategy for a firm facing tort litigation leads to lower average product safety than that which would be produced if a firm were committed to openness. Moreover, confidentiality can even lead to declining average product safety over time. We also show that a rational risk-neutral consumer’s response to a m...