Cover: Reforming Products Liability in HARDCOVER

Reforming Products Liability

Add to Cart

Product Details


$91.50 • £73.95 • €82.50

ISBN 9780674753235

Publication Date: 09/01/1991


287 pages

6-1/8 x 9-1/4 inches



  • Preface
  • 1. Diagnosing the Liability Crisis
    • Perspectives on Liability Reform
    • Recent Trends in Products Liability
    • Proposals for Reform
  • 2. The Dimensions of the Liability Crisis
    • Accident Rates Decline, But Litigation Soars
    • The Surge in Asbestos Litigation
    • Insurance Industry Trends
    • Roots of the Insurance Crisis, 1980–1984
    • Other Economic Effects of Products Liability
    • The Design Defect Doctrine and Hazard Warnings
  • 3. The Litigation Process
    • The Overall Structure of Products Liability Litigation
    • Court Verdicts
    • Claims Settled Out of Court
    • Cases That Are Dropped
    • Using Economic Models to Assess Reform Proposals
  • 4. The Design Defect Test
    • A Case Study of Risk-Utility Tradeoffs
    • Risk–Utility Analysis
    • The Producer as Insurer
    • Alternative Risk–Utility Measures
    • On the Threshold of Marketability
    • Who Decides?
    • Proposals for Restructuring the Product Defect Test
  • 5. The Explosive Mathematics of Damages
    • The Insurance Value and the Deterrence Value of Damages
    • Inflation and the Increase in Verdict Awards
    • Noneconomic Damages
    • Has Voodoo Economics Come to the Courts?
    • Applying the Value of Life: The Ford Pinto Case
    • Proposals for Setting Damages
  • 6. Regulation of Product Safety
    • The Adequacy of Incentives
    • Regulatory Violations and Products Liability Litigation
    • Restructuring the Institutional Interactions
  • 7. Hazard Warnings
    • The Objectives of Hazard Warnings
    • Assessing the Quality of Warnings
    • Warnings and the Risk–Utility Test
    • Regulatory Compliance
    • Toward a National Warnings Policy
  • 8. Environmental and Mass Toxic Torts
    • The Market Paradigm and Why It Fails
    • Products Liability—an Inadequate Remedy
    • Agent Orange and the Economic Stakes of Mass Toxic Torts
    • Compensation Funds
    • Strategies for Mass Toxic Torts
  • 9. Workers’ Compensation
    • Lessons from the Workers’ Compensation Experience
    • Job-Related Products Liability Claims and Workers’ Compensation
  • 10. Will Products Liability Reform Matter?
    • Insurance Availability
    • Products Liability Definitions
    • State-of-the-Art Defenses
    • Statutes of Limitation
    • Collateral Source Rules and Damage Rules
    • Effects on Premiums
    • Conclusion
  • 11. A Strategy for Principled Products Liability Reform
  • Appendix A: Products Liability Costs in Different Industries
  • Appendix B: The Litigation of Job-Related Claims
  • Notes
  • Bibliography
  • Index

Recent News

From Our Blog

Photo of Lucia Jacobs as a child sitting next to Oaky

How to Plant a Forest

For this week’s University Press Week Blog Tour, Lucia Jacobs offers us a glimpse of environmental stewardship as seen through the activities of the ubiquitous squirrel, a species native to the Americas, Africa, and Eurasia from the Eocene Epoch onward. Lucia Jacobs is Professor of Psychology and Neuroscience at the

‘manifold glories of classical Greek and Latin’

The digital Loeb Classical Library ( extends the founding mission of James Loeb with an interconnected, fully searchable, perpetually growing virtual library of all that is important in Greek and Latin literature.