Brand spillovers as shadow enforcement: Endogenous liability regimes in correlated experience goods markets

Key Points

• Brand spillovers significantly influence liability regimes across correlated markets, enhancing economic understanding.
• A key finding indicates that experience goods interconnect within market dynamics, with spillovers impacting liability measures.
• This analysis focuses on economic theory concerning endogenous liability regimes within correlated experience goods, drawing on market examples.
• The findings may enable businesses to navigate legal risks, though further research into their implications is necessary.