Modeling Potential Liability Costs in Large Class-Action Cases With Incomplete Information  

Oleh:

Shriner, Robert D. ; Cook, Philip B.

Jenis: Article from Bulletin/Magazine
Dalam koleksi: BUSINESS ECONOMICS vol. 30 no. 2 (1995), page 55-60.
Topik: class actions; potential liability; liability cost; class - action cases; incomplete information

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: BB20 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Class - action product liability cases raise challenging analytical problems for business firms, their attorneys, and their economic advisors. The authors briefly summarize techniques they have used to develop simulation and forecasting models to estimate the probable extent of liabilities and the likely costs of settling claims arising from major product liability situations. They also identify some common problems and suggest means of handling them.

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