1988
DOI: 10.1111/j.1745-6606.1988.tb00229.x
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Risk Regulation and Consumer Welfare

Abstract: Health and safety have become major consumer concerns in the 1980s. Major issues focus on who should decide for whom what level of safety and health is appropriate. This paper examines the role of consumers and government in reducing risk. Consideration is given to consumer risk perception and risk response, the need for government intervention, and the various risk evaluation procedures that might be used by government agencies to develop appropriate risk management strategies.

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Cited by 13 publications
(11 citation statements)
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“…In order for a voluntary standard to be effective, almost complete compliance by domestic and foreign manufacturers would be necessary, as many consumers will not voluntarily select FR furniture, even when provided with warning labels. One of the major reasons for this may be inadequate risk perception, stemming from lack of information, the tendency to discount low probability events so that reliance on past experience reinforces the low perception of risk (Dardis 1988). Many consumers feel that upholstered furniture fires will not happen to them.…”
Section: Discussionmentioning
confidence: 99%
See 1 more Smart Citation
“…In order for a voluntary standard to be effective, almost complete compliance by domestic and foreign manufacturers would be necessary, as many consumers will not voluntarily select FR furniture, even when provided with warning labels. One of the major reasons for this may be inadequate risk perception, stemming from lack of information, the tendency to discount low probability events so that reliance on past experience reinforces the low perception of risk (Dardis 1988). Many consumers feel that upholstered furniture fires will not happen to them.…”
Section: Discussionmentioning
confidence: 99%
“…Part of the responsibility for reducing risk will always rest with the consumer, and because of this safety education is important (Dardis 1988). Consumers must be made aware of risks and how they can be avoided in order to benefit themselves and society in general.…”
Section: Discussionmentioning
confidence: 99%
“…305 Vgl. dazu Risa (1992), S. 341, Crandall (1988), S. 72f, und Dardis (1988) Peltzman, (1975), eindrücklich an der Einführung von Sicherheitsgurten in Automobilen nachweisen können.…”
Section: Ausgestaltungsmöglichkeitenunclassified
“…; product liability regulation is a poor problem solution mechanism and cannot serve society adequately. According to Dardis (1988), Hjorth-Andersen (1987) and Joerges (1986) markets are imperfect because price is a bad indicator of product quality and therefore of product safety. A thought provoking overview of legal approaches to safety risks is offered by Asch (1988).…”
Section: Regulation Of Product Liability and Product Safety: Two Sidementioning
confidence: 99%