Product Safety and Liability with Deceptive Advertising and Moral Hazard
研究了在厂商可能虚假宣传产品质量、消费者内生付出预防努力时，严格责任与比较过失两种责任规则对厂商和消费者的影响。
This paper examines how the two common product liability rules (strict liability versus comparative negligence) affect firms and consumers when firms can advertise product quality deceptively and consumers exert precaution efforts endogenously.