Private Law Theory

ABSTRACT
This chapter in a book on European product liability provides a summary of the economic approach to product liability. The economic theory of product liability based on the Coase Theorem is explained. Next, product liability when damage is suffered by third parties is analyzed. Specific attention is paid to the EU Product Liability Directive and to more recent literature.

Faure, Michael G, Economic Analysis of Product Liability (January 1, 2016) in Machnikowski, P (ed), European Product Liability. An Analysis of the State of the Art in the Era of New Technologies, Antwerp, Intersentia, 2016, 619-665; ISBN 9781780685243.

First posted 2019-05-28 06:04:19