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Saving Lives: A Review of the Record

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  • Morrall, John F, III
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    Abstract

    I present evidence on the cost-effectiveness of 76 regulatory actions promulgated by the Federal government from 1967 to 2001 by updating similar work published by the author in 1986. The paper first responds to several critiques of the original article recently published in prominent law journals by showing that most of the specific criticism is based on misrepresentations and mistakes. Wide differences in cost-effectiveness indicate we could save lives more effectively. Regulations aimed at reducing safety and cardiovascular risks have been more cost-effective than regulations aimed at reducing cancer risks. I suggest several potential regulations that could save lives more cost-effectively than the vast majority of regulations issued to date. Copyright 2003 by Kluwer Academic Publishers

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    Bibliographic Info

    Article provided by Springer in its journal Journal of Risk and Uncertainty.

    Volume (Year): 27 (2003)
    Issue (Month): 3 (December)
    Pages: 221-37

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    Handle: RePEc:kap:jrisku:v:27:y:2003:i:3:p:221-37

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    Web page: http://www.springerlink.com/link.asp?id=100299

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    Cited by:
    1. Jens Ludwig & Dave E. Marcotte, 2005. "Anti-depressants, suicide, and drug regulation," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 24(2), pages 249-272.
    2. Stavins, Robert, 2003. "Environmental Protection and Economic Well-Being: How Does (and How Should)Government Balance These Two Important Values?," Discussion Papers dp-03-48, Resources For the Future.
    3. Scott Farrow, 2012. "Evaluating Central Regulatory Institutions with an Application to the U.S. Office of Information and Regulatory Affairs," UMBC Economics Department Working Papers 12-01, UMBC Department of Economics.
    4. Robert W. Hahn & Paul C. Tetlock, 2008. "Has Economic Analysis Improved Regulatory Decisions?," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 67-84, Winter.

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