Engineering
8 years ago

Game Theory Reveals Strategy for Perfecting Product Liability Laws Worldwide

Zhongguo liutong jingji
The Game Analysis of US Product Liability System
Zhao Shu-guang

Paper Summary

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Engineering
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Strict liability laws protect consumers and shape manufacturer behavior.

Safety Assessment

The US product liability system has a big impact on many countries. The system is like a game between companies and customers, shaping the laws that govern product safety. By studying the history of US product liability, the author looks at how different strategies can be used in this legal game. The goal is to improve our own country's product liability laws.