TY - JOUR PY - 2000// TI - Product liability, entry incentives and market structure JO - International review of law and economics A1 - Hamilton, Stephen F. A1 - Sunding, David L. SP - 269 EP - 283 VL - 20 IS - 2 N2 - The article characterizes the entry incentives provided by increases in product liability under various forms of competition. It is demonstrated that the entry of small, high-cost firms is likely to occur in imperfectly competitive markets when the average damage increases with industry output. Special cases are considered, including Cournot-Nash oligopoly and dominant firm-competitive fringe.

LA - SN - 0144-8188 UR - http://dx.doi.org/10.1016/S0144-8188(00)00029-6 ID - ref1 ER -