Mandatory Versus Voluntary Disclosure of Product Risks
---- Acknowledgements -----
Stanford Law School and Harvard Law School, respectively. Both authors are also Research Associates of the National Bureau of Economic Research. Polinsky's research was supported by the John M. Olin Program in Law and Economics at Stanford Law School, and Shavell's by the John M. Olin Center for Law, Economics, and Business at Harvard Law School. We are grateful to Andrew Daughety, Andrew Postlewaite, Jennifer Reinganum, and Kathryn Spier for helpful comments and to David C. Thompson for able research assistance. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.