subject: The Peltzman Effect Can Be Applied to Risky Economic Behavior [print this page] It is time that government and labor realize the realities of this new world and respond with contemporary, creative new proposals to remain competitive in the face of global competition. As Professor Peltzman demonstrates in his theorem, no matter how well intended the regulation or contract, there can be a significant chance of unintended consequences that harm innocent bystanders.
The Peltzman Effect Can Be Applied to Risky Economic Behavior
