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Informational Regulation of Consumer Health Risks: An Empirical Evaluation of Hazard Warnings
(The RAND Journal of Economics, 1986)
On the basis of data from a survey of almost 400 consumers, this article assesses whether consumer behavior is responsive to information about product hazards that is provided in response to regulation. We find that the ...
Consumer Behavior and the Safety Effects of Product Safety Regulation
(Journal of Law and Economics, 1985)
A recurring issue in the economic analysis of risk regulation agencies is whether these efforts have had any significant favorable effect on safety. Although the existence of such an effect would not necessarily imply that ...