Product Liability Reform Act


Book Description




Product Liability Entering the Twenty-First Century


Book Description

A Brookings Institution Press and American Enterprise Institute publication Are liability "crises" an inevitable part of the modern industrial landscape? Does the inherent nature of the insurance industry promote recurring liability crises? What have been the effects of the liability reforms of the 1990s? Should lawyers be given de facto regulatory authority? This report provides perspective on these and other key issues concerning the law and economics of products liability. The authors begins with a brief description of the evolution of products liability doctrine in the U.S., up to the point of the liability crisis of the late 1980s. They discuss the economic implications of product risk for both consumers and producers, offer economic hypothesis on the implications of the increased scope of liability and subsequent reforms, and provide an update of trends in litigation and liability law. The book ends with a discussion of pending legislation and prospects for further improvements. Moore and Viscusi make the point that effective liability policy calls for a balancing of the incentives for improved public safety on one hand, and the benefits of new and existing products on the other.







Executive Summaries of the Aviation Accident Study


Book Description

In 1985, RAND's Institute for Civil Justice undertook a detailed study of aviation accident litigation in the United States. This report summarizes the resulting four detailed study reports. It describes the characteristics of the decedents and the litigation, and provides data on compensation paid, litigation costs, and economic losses suffered. The report compares the economic losses and transactions costs with the amount of compensation paid. The findings indicate that airlines and other defendants compensated victims' survivors for less than half of their average economic loss. The findings also indicate that aviation accident litigation has higher transactions costs than tort litigation in general, but a lower ratio of transactions costs to total expenditures.




Impact on Product Liability


Book Description




Uniform Product Liability Act


Book Description




Isodyne Stress Analysis


Book Description

''It is true that "Nothing is more practical than a theory" Provided - however - That the assumptions on which the theory is founded Are well understood. - But, indeed, engineering experience shows that "Nothing can be more disastrous than a theory When applied to a real problem Outside of the practicailimits of the assumptions made", Because of an homonymous identity With the problem under consideration. " (J. T. P. ) The primary objective of this work is to present the theories of analytical and optical isodynes and the related measurement procedures in a manner com patible with the modem scientific methodology and with the requirements of modem technology pertaining to the usefulness of the stress analysis proce dures. The selected examples illustrate some major theses of this work and demonstrate the particular efficiency of the isodyne methods in solving the technologically important problems in fracture mechanics and mechanics of composite structures including new materials. To satisfy this objective it was necessary to depart from the common practice of presenting theories and techniques of experimental methods as a compatible system of equations and procedures without mentioning the tacitly accepted assumptions and their influence on the theoretical admissibility of analytical expressions and the reliability of the experimental or analytical results. It was necessary to design a more general frame of reference which could allow to assess the scientific correctness of isodyne methods and the reliability of experimental results.