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Consumer Product Safety Regulation in the United States and the United Kingdom: The Case of Bicycles

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  • Wesley A. Magat
  • Michael J. Moore

Abstract

This study analyzes the effect of bicycle safety regulation in the United States and the United Kingdom using data on monthly injury rates. Unlike many previous studies of product safety regulation, a specific product regulation is analyzed, and long data series are available. In both countries, the regulation led to a significant decrease in accidents per bicycle in use. The effect in the United States is larger than in the United Kingdom.

Suggested Citation

  • Wesley A. Magat & Michael J. Moore, 1996. "Consumer Product Safety Regulation in the United States and the United Kingdom: The Case of Bicycles," RAND Journal of Economics, The RAND Corporation, vol. 27(1), pages 148-164, Spring.
  • Handle: RePEc:rje:randje:v:27:y:1996:i:spring:p:148-164
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    Cited by:

    1. Khwaja, Ahmed & Sloan, Frank & Salm, Martin, 2006. "Evidence on preferences and subjective beliefs of risk takers: The case of smokers," International Journal of Industrial Organization, Elsevier, vol. 24(4), pages 667-682, July.
    2. Sen, Anindya, 2001. "An Empirical Test of the Offset Hypothesis," Journal of Law and Economics, University of Chicago Press, vol. 44(2), pages 481-510, October.

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