What responsibility should the manufacturer of toxic chemicals have for harmful effects that they have years after their initial manufacture and sale? Should manufacturers have foreseen such harms, or should they be liable even if they didn’t know about potential harms?
What responsibility should the manufacturer of toxic chemicals have for harmful effects that they have years after their initial manufacture and sale? Should manufacturers have foreseen such harms, or should they be liable even if they didn’t know about potential harms?
Chapter17: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
Problem 4QP
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What responsibility should the manufacturer of toxic chemicals have for harmful effects that they have years after their initial manufacture and sale? Should manufacturers have foreseen such harms, or should they be liable even if they didn’t know about potential harms?
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