Using a new series of data on occupational fatalities compiled by the National Institute for Occupational Safety and Health, the authors reassess value-of-life calculations based on labor market tradeoffs between fatality risks and wages. The new data are less subject to the problems of...

Since its inception, the Occupational Safety and Health Administration (OSHA) has been the target of regulatory reform proposals. OSHA has attracted this continued critical attention both because of inadequacies in the design of OSHA regulation and shortcomings in its implementation. John...

In 1974, President Ford initiated a procedure by which the regulatory policies of federal agencies were subjected to systematic oversight. This activity continued with modest success through subsequent administrations. A substantial stiffening of oversight powers under President Reagan raises...

In 1978, OSHA took a major step in attempting to promote the health of workers in the textile industry, tightening its standard on cotton dust levels in textile plants. Because the OSHA cotton dust standard was widely believed to be ineffective, it became the target of a major political debate...

To remedy the neglect of altruism in benefit assessments for risk regulation programs, this article reports the findings of a new survey of 785 consumers regarding their valuation of two pairs of risks from insecticide. The risk-dollar tradeoffs revealed by consumers averaged $2,080 and $3,680...

The cleanup of hazardous waste sites under the U.S. Environmental Protection Agency's Superfund program is governed by a number of legislative and regulatory constraints. Congress passed legislation in 1986 directing the Environmental Protection Agency (EPA) to pursue permanent remedies that...

The standard Bernoulli two-armed bandit model is modified by terminating the choice problem after the first unsuccessful trial. Both terminal reward situations and instances in which payoffs accrue with each success are considered. For independent machines, the stay-on-a-winner rule holds in...