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1 1 (1984)

handle is hein.amenin/aeiaapy0001 and id is 1 raw text is: Regulating Consumer Product Safety W. Kw Viscust Viscusi convincingly argues that the regulato01 practices of the Consumer Product Safety Commission have been both inef- fective and inefficient. . . The policy reforms advanced by Vis- cusi are provocative. . .ou may disagree with Viscusi's polcy prescription, but I suspect that you will profit by reading his perceptive analysis of safety regulation under CPSC. WALTER Y. 01, Elmer B. Milliman Professor of Economics, University of Rochester Finally, after fourteen years of CPSC regulation, the public has a carefd and thoughtful assessment of the agency's perform- ance. This study's evidence compels us to rethink our approach to ensuring consumer product safety. I commend this work to stu- dents of the regulatory process, both in and out of government. JERRY LEWIs, Member of Congress The Consumer Product Safety Commission has broad jurisdiction over a wide variety of consumer hazards, with considerable authority both to set product safety regula- tions and to take actions against hazardous products. How effectively has this authority been exercised? The author of this volume concludes that the efforts of the CPSC have on balance not been beneficial. He attributes poor per- formance to the commission's failure to apply a valid framework for deciding whether or how to intervene. Viscusi also believes that the commission has not ade- quately stressed the development of information for more informed consumer decisions or assessed the benefits and costs of its actions. W. Kip Viscusi is professor of business administration and director of the Center for Study of Business Regula- tion, Fuqua School of Business, Duke University. He served as deputy director of the Council on Wage and Price Stability during the Carter administration. m 0 z 0) 0 0 z CA) C 10 0 1 I m, ch American Enterprise Institute tor Publc Policy Research 1150 Seventeenth Street, N.W., Washington, D.C. 20036 Job Name:2274805 Date:15-06-18 Color: Magenta Regulating Consumer Product Safety PDF Page:2274805pbc.pl.pdf Black

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