TY  - JOUR
PY  - 1975//
TI  - The effects of automobile safety regulation
JO  - Journal of political economy
A1  - Peltzman, S
SP  - 677
EP  - 726
VL  - 83
IS  - 4
N2  - Technological studies imply that annual highway deaths would be 20% greater without legally mandated installation of various safety devices on automobiles.  However, this literature ignores offsetting effects of nonregulatory demand for safety and driver response to the devices.  This article indicates that these offsets are virtually complete, so that regulation has not decreased highway deaths.  Timeseries (but not cross section) data imply some saving of auto occupant's lives at the expense of more pedestrian deaths and more nonfatal accidents, a pattern consistent with optimal driver response to regulation.
LA  - 
SN  - 0022-3808
UR  - http://dx.doi.org/
ID  - ref1
ER  -