Product Description: This report analyzes the effects of an innovative and controversialprogram--voluntary accelerated vehicle retirement--that is part of California's plan for complying with federal clean-air standards by the required date of 2010. Under this program, whose implementation is in doubt, during each year from 2001 to 2010 as many as 75,000 light-duty vehicles (LDVs) that are at least 15 years old would be purchased in the greater Los Angeles area and then scrapped...read more

Product Description: This study examined the economic effects of product liability on firms producing drugs and medical devices. The study found that the liability system enhances the economic contributions of the industries in some ways.