Product liability is an important focus of consumer protection in an increasingly globalized economy. Economic analysis of product liability requires a broad understanding of how businesses and consumers interact in the marketplace. Quant Economics provides expert economic analysis on a variety of product liability matters, including the following:
Breach of warranty
Consumer protection
Insurance
Negligence
Strict liability
Project Profiles
Class Certification.
Experts at Quant Economics provide instrumental economic analysis for class certification and damages estimation. We use sound scientific methodology to develop and evaluate models for estimating the impact of product liability on consumers. In one of our projects, experts at Quant Economics created statistical models that measure value diminution for differentiated products. We evaluated the viability of these models for the purposes of class certification.
Complex Product Liability.
Experts at Quant Economics have substantial experience in complex product liability matters that involve a multitude of participants, including product suppliers, insurance companies, trust administrators, and affected consumers. For instance, experts at Quant Economics provided extensive economic analysis relating to asbestos-containing products. This work involved financial exposure analysis, damages estimation, insurance buyouts, settlement negotiations, and structuring of payment trusts—all of which incorporated epidemiological studies and actuarial reports.
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