| Abstract: | Recent cost-effectiveness studies have uncovered substantial disparities in lifesaving investments between federal agencies. An examination of OSHA and NHTSA policies suggests that such disparities are not necessarily the result of arbitrary or inadvertent decision making. The disparities may reflect both conscious social judgments about priorities in lifesaving policy and systematic patterns of political and bureaucratic behavior. The hypotheses advanced in this paper suggest that, while these cost-effectiveness studies ignore important social values, they are also useful in exposing systematic imperfections in political and regulatory decision making. |
