Author： Miller Geoffrey P.
Publisher： Mohr Siebeck
ISSN： 0932-4569
Source： Journal of Institutional and Theoretical Economics JITE, Vol.167, Iss.1, 2011-03, pp. : 80-93
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Abstract
This article considers four liability regimes for unmanifested harm in business-to-consumer transactions: (a) delayed damages that require the consumer to wait until the harm occurs; (b) anticipatory damages that award money to a consumer based on the statistical probability that the product will fail or cause harm; (c) injunctive relief prohibiting the manufacturer from producing the product; and (d) trust damages, under which the manufacturer endows a bankruptcy-remote fund for the purpose of compensating consumers if and when harm occurs. (JEL: K12, K13, K42)
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