The Value of a Statistical Life is Not Efficient
Over-reliance on the VSL measure often leads to excessive consideration and regulation of risk.
Efficient Risk Regulations Do Not Increase Risks
As a practical matter, the VSL is successful in balancing the benefits and costs of regulation.
Putting the Horse Before the Cart in Cost-Benefit Analysis
Regulators must measure welfare using transparent methods before determining the policies themselves.
The Long-Term Value of the Value of a Statistical Life
The VSL is necessarily based on market preferences that accurately reflect society’s valuation of risks and benefits.
The Myopic Short-Termism of the Value of a Statistical Life
The primary drawback of the VSL is that it fails to account for future generations’ valuation of benefits and costs.
Failing to Think Properly About the Value of a Statistical Life
Using the VSL to measure benefits promotes the interests of individuals who are affected by regulation.
The Value of the Value of a Statistical Life
Analysts debate how agencies should measure the benefits of reducing mortality.
Regulatory Rollbacks Have Changed the Nature of Presidential Power
Strategies used by the Trump Administration will serve as a blueprint for future Presidents.
Punishing the Innocent
Congress should not sabotage regulatory authorizations with sunset provisions.