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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (415131)	9/7/2008 10:43:36 PM
From: steve harris	Respond to of 1575429

Considering the dribble Obama got, I think it's a good thing.

To: i-node who wrote (415131)	9/7/2008 11:01:26 PM
From: TimF	1 Recommendation Respond to of 1575429

Study concludes that lawsuits in response for general aviation accidents, increased the number of general aviation accidents. STRICT PRODUCT LIABILITY AND SAFETY: EVIDENCE FROM THE GENERAL AVIATION MARKET RANDY A. NELSON 1 JAMES N. DREWS 2,* 1 Nelson: Douglas Professor of Economics, Department of Economics, Colby College, Waterville, ME 04901. Phone 1-207-859-5238, Fax 1-207-859-5229, E-mail ranelson@colby.edu 2 Drews: Graduate Student, Tuck School of Business, Dartmouth College, Hanover, NH 03755. Phone 1-781-223-0713, E-mail james.n.drews@dartmouth.edu *We are indebted to the Douglas Chair Fund at Colby College for financial assistance and to seminar participants at Colby and an anonymous referee for very helpful comments that substantially improved the final paper. Copyright © 2007 Western Economic Association International ABSTRACT This paper examines the impact of a strict product liability standard on the accident rate in the general aviation (GA) industry. Liability expenses increased by 775% between 1976 and 1986, reducing the sales of new GA aircraft by 90% and increasing the age of the GA fleet. Using both aggregate and model-specific data, our results indicate that the increase in the age of the GA fleet increased the accident rate by 25%–35% during 1981–2000. In addition, the higher price of GA aircraft boosted sales of homebuilt planes, which have higher accident and fatality rates than GA aircraft. (JEL K13, L62, L15) www3.interscience.wiley.com Unintended Consequences divisionoflabour.com