Avalon Health Blog Product Liability and “Socially Optimal” Outcomes: The Importance of the Analyzing Cost-Benefit Tradeoffs in Healthcare Products and Services

In some product liability cases, in addition to alleged damages, plaintiffs might argue that sales of a product or service should be limited. While there may be cases where such an outcome could be considered “first best” or “socially optimal” from an economics perspective, there are many cases for which limiting sales may not result […]