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Regulation Vs. The Market: The Case Of Bicycle Safety (Part I), Ross D. Petty
Regulation Vs. The Market: The Case Of Bicycle Safety (Part I), Ross D. Petty
RISK: Health, Safety & Environment (1990-2002)
This part of the article describes events leading to the creation of the Consumer Product Safety Commission - and the on-going debate between those who believe safety regulation is necessary and those who believe that market forces can achieve acceptable levels of Risk. The author also sets the stage for a detailed examination of bicycle Risk. In the next issue, he compares the accomplishments of the CPSC's bicycle standard with, e.g., the development and use of hard-shell bicycle helmets. Moreover, he discusses the role of tort liability in managing Risk and ultimately concludes that, in the case of bicycle safety, …