Product Liability and Innovation

Product Liability and Innovation
Author: National Academy of Engineering
Publisher: National Academies Press
Total Pages: 214
Release: 1994-02-01
Genre: Technology & Engineering
ISBN: 0309051304

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Product liability is a contentious issue. Proponents argue that American tort law promotes product safety. Manufacturers contend that lawsuits chill new product development. Product Liability and Innovation provides an overview and an engineering perspective on the product liability system. The volume offers studies of selected industries, exploring the effect of product liability on corporate product development decisions and on the creative opportunities and day-to-day work of engineers. The volume addresses the potential liability of the parts or materials supplier and discusses the impact of liability on the availability of insurance. It looks at "junk science" in the courtroom and analyzes opportunities to incorporate into product design what we know about human behavior and risk. The book also looks at current efforts at tort reform and compares U.S. injury claims handling with that of other countries. This volume will be important to policymakers, industrialists, attorneys, product engineers, and individuals concerned about the impact of product liability on the industrial future.

Managing Product Liability to Achieve Highway Innovations

Managing Product Liability to Achieve Highway Innovations
Author: G. L. Gittings
Publisher: Transportation Research Board
Total Pages: 76
Release: 1998
Genre: Highway engineering
ISBN: 9780309068185

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This synthesis will be of interest to state Department of Transportation (DOT) engineers, legal counsel, researchers, and administrators; transportation product development engineers, equipment manufacturers, and engineering and product manufacturer associations; state, regional, and federal product testing and evaluation centers; and attorneys of law interested in tort liability as it applies to highway innovations. The synthesis describes the current state of the practice for managing product liability to achieve highway innovations. Information for the synthesis was collected by surveying and interviewing state transportation agencies and private transportation related organizations and by conducting a literature search. This report of the Transportation Research Board identifies and discusses specific tort and product liability problems and principles, the specific tort liability experience of public agencies in state DOTs, and the tort liability experience of private organizations involved in introducing new products to the highway market. In addition, details on the litigation risks of highway innovation, the perceptions and perspectives of public agency and private sector personnel, and the state-of-the-art methods to confront litigation risks are presented. Finally, methodological comparisons and a general tort and product liability overview are included in the appendices.

Product Liability and Innovation

Product Liability and Innovation
Author: Lev Gerlovin
Publisher:
Total Pages: 78
Release: 1998
Genre: Products liability
ISBN:

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Product Liability

Product Liability
Author: United States. Congress. House. Committee on Science, Space, and Technology. Subcommittee on Technology and Competitiveness
Publisher:
Total Pages: 476
Release: 1992
Genre: Business & Economics
ISBN:

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How Does Product Liability Risk Affect Innovation?

How Does Product Liability Risk Affect Innovation?
Author: Alberto Galasso
Publisher:
Total Pages: 45
Release: 2018
Genre: Medical innovations
ISBN:

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Liability laws designed to compensate for harms caused by defective products may also affect innovation incentives. This paper examines this issue, exploiting a major quasi-exogenous increase in liability risk faced by US suppliers of polymers used to manufacture medical devices implanted in human bodies. Difference-in-differences analyses suggest that the surge in liability risk had a large and negative impact on downstream innovation in medical implants but no significant effect on upstream polymer patenting. These findings show how tort laws may affect the development of new technologies and how liability risk may percolate through an industry's vertical chain.

Reforming Products Liability

Reforming Products Liability
Author: W. Kip Viscusi
Publisher: Harvard University Press
Total Pages: 296
Release: 1991
Genre: Business & Economics
ISBN: 9780674753235

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Drawing on liability insurance trends and litigation patterns, Viscusi shows that the products liability crisis is has been developing for decades. He argues that the principal causes have been the expansion of the doctrine of design defect, the emergence of mass toxic torts, and an increase in lawsuits involving hazard warnings.

Aviation Product Liability

Aviation Product Liability
Author: United States. Congress. House. Committee on Science and Technology. Subcommittee on Transportation, Aviation, and Materials
Publisher:
Total Pages: 132
Release: 1986
Genre: Aeronautics
ISBN:

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The Liability Maze

The Liability Maze
Author: Peter W. Huber
Publisher: Brookings Institution Press
Total Pages: 529
Release: 2010-12-01
Genre: Business & Economics
ISBN: 0815720181

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With an ever-increasing number of liability lawsuits, are corporations electing to play it safe rather than risk the uncertainties accompanying innovation? In The Liability Maze experts address the issues surrounding safety and innovation and present the most detailed and comprehensive study to date on the actual impact of U.S. liability law. In recent decades it has been widely assumed that liability laws promote safety by significantly raising the price companies must pay for negligence, product defects and accidents. More recently, others have suggested that the broad and unpredictable sweep of these laws actually deters innovation. The risks of lawsuits are so great that corporations are showing more caution in product innovation than ever before. The contributors focus on five sectors of the economy where the liability system appears to have had the greatest effects, positive or negative: the private aircraft, automobile, chemical, and pharmaceutical industries, and the medical profession. They suggest that in many sectors liability law has hampered innovation. In others it has stimulated safety improvements, although perhaps not so much as vigilant safety regulations.

When Does Product Liability Risk Chill Innovation?

When Does Product Liability Risk Chill Innovation?
Author: Alberto Galasso
Publisher:
Total Pages: 49
Release: 2018
Genre: Medical innovations
ISBN:

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Liability laws designed to compensate for harms caused by defective products may also affect innovation. We examine this issue by exploiting a major quasi-exogenous increase in liability risk faced by U.S. suppliers of polymers used to manufacture medical implants. Difference-in-differences analyses show that this surge in suppliers’ liability risk had a large and negative impact on downstream innovation in medical implants, but it had no significant effect on upstream polymer patenting. Our findings suggest that liability risk can percolate throughout a vertical chain and may have a significant chilling effect on downstream innovation.