Revealed Bureaucratic Preference: Priorities of the Consumer Product Safety Commission
In June 1977, the U.S. Consumer Product Safety Commission announced priorities for those projects to be executed during subsequent fiscal years. I use conditional logit techniques to analyze random orderings to estimate the Commission's preference functions among projects. I show that the Commission overselects both projects with large safety benefits but even larger consumer costs and projects that require mandatory standards.
Year of publication: |
1988
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Authors: | Thomas, Lacy Glenn |
Published in: |
RAND Journal of Economics. - The RAND Corporation, ISSN 0741-6261. - Vol. 19.1988, 1, p. 102-113
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Publisher: |
The RAND Corporation |
Saved in:
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