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The (Legal) Pains of Vioxx: Why Product Liability Can Make Products More Dangerous
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Omri Ben-Shahar
Published/Copyright:
June 9, 2006
Comparing the experience of Vioxx and Celebrex leads Omri Ben-Shahar to think that stiff product liability has the perverse effect of inducing manufacturers of defective products to leave these products on the market, rather than withdraw them.
Published Online: 2006-6-9
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Letter
- Reply: The Death Penalty Once More
- Reply: Transfers vs. Economic Costs in the Iraq War
- Letter: Consider the Consumer Side of the Market for Catastrophe Insurance
- Column
- Grading the President's Tax Reform Panel's Plan
- Are Economists Smarter?
- Taxes on Investment Income Remain Too High and Lead to Multiple Distortions
- The (Legal) Pains of Vioxx: Why Product Liability Can Make Products More Dangerous
- The Economics of Net Neutrality
- Toying with Death and Taxes: Some Lessons from Down Under
