Public response to increased safety regulation of cars

Assignment Help Operation Management

Reference no: EM131375231

A good example of the feedback effect has to do with automotive safety regulation. Since the 1960s, the federal government has required the automobile manufacturers to make cars increasingly safer. The desired result was fewer injuries and deaths for drivers and their passengers involved in accidents. According to economist Sam Peltzman, however, due to the feedback effect, drivers have begun driving more recklessly. Automobiles with more safety features have been involved in a disproportionate number of accidents. According to the Insurance Institute for Highway Safety, the number of deaths in auto accidents remained essentially unchanged between 1991 and 2001. The feedback effect has also been called the law of unintended consequences. What did the government overlook as the public’s response to increased safety regulation of cars?

Reference no: EM131375231

Questions Cloud

Briefly discuss some of the key organizational principles : Define organization and briefly discuss some of the key organizational principles. Define Line and Staff and compare the differences between them. What are the 3 overall philosophies of Management. Briefly discuss the work of 3 theorists.

Strategies for dealing with differences in global strategies : Please type out a short essay at least 3 paragraphs. Discuss the Triple A strategies for dealing with differences in global strategies. Do not hand write the answer on paper and upload it. Type out so it is eligible to read.

Give brief overview of the business economic structure : Give a brief overview of the business economic structure of the U.S. Define Management and briefly discuss each of the 5 key ingredients. Define Planning and discuss the Planning steps in reaching a decision. Discuss the different types of Planning t..

Types of unqualified endorsements : Which of the following are types of unqualified endorsements? "Maxim Solutions Group/New Wave Techn" and providing on the back that "Each Payee Must Endorse Exactly As Drawn"?

Public response to increased safety regulation of cars : A good example of the feedback effect has to do with automotive safety regulation. Since the 1960s, the federal government has required the automobile manufacturers to make cars increasingly safer. The desired result was fewer injuries and deaths for..

About the lakeside property : Lakeside Property. Ronnie agreed to act as the agent of Sue in finding a piece of lakeside property for her at a good price and also in obtaining a loan for her with which to purchase the property. She agreed to pay him $500 for doing so. Only after ..

What is the order quantity and reorder level : Joe needs to purchase malt for his micro-brew production. His supplier charges $35 per delivery (no matter how much is delivered) and $1.20 per gallon. Joe's annual holding cost per unit is 35% of the dollar value of the unit. Joe uses 5,000 gallons ..

Regarding kitty statement that she had no personal liability : Peanut allergy. kitty, who had a love of baking, decided to open her own bakery. she decided that she did not need and did not want to pay for a lawyer to advise her on different forms of ownership. She proceeded with little thought, to simply open h..

Which market segments is each marketer attempting to reach : Which market segments ( demographics, psychographics, and/or behavioral ) is each marketer attempting to reach? which market segments does microsoft target, demographically speaking, & behaviorally speaking. which market segments does microsoft targe..

User Account

All Pages