Do Auto Recalls Benefit the Public?
6 Pages Posted: 14 Jul 2009
Date Written: June 21, 2009
Abstract
The benefits of personal transportation in the United States come at significant costs to society. Reducing the costs, both in terms of lives and economics, should be the primary mission of transportation safety policy. One opportunity to do this involves vehicle safety recalls. In rare cases, recalls can save lives and reduce injuries. In many cases however, recalls just generate additional costs with little or no benefit.
Keywords: NHTSA, automotive recall, crashworthiness, FMVSS, Federal Motor Vehicle Safety Standards and Regulations, National Highway Traffic Safety Administration, National Traffic and Motor Vehicle Safety Act
JEL Classification: R48, R40, L50, L51, K13
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Marketing and Firm Value: Metrics, Methods, Findings, and Future Directions
-
Consumer Negative Voice and Firm-Idiosyncratic Stock Returns
By Xueming Luo
-
Retail-Price Drivers and Retailer Profits
By Vincent R. Nijs, Shuba Srinivasan, ...
-
Product Innovations, Advertising and Stock Returns
By Shuba Srinivasan, Koen H. Pauwels, ...
-
The Financial Rewards of New Product Introductions
By Barry L. Bayus, Gary Erickson, ...
-
Innovation's Effect on Firm Value and Risk: Insights from Consumer Packaged Goods
By Alina Sorescu and Jelena Spanjol
-
The Financial Value Impact of Perceptual Brand Attributes
By Natalie Mizik and Robert Jacobson
-
The Long Term Stock Market Valuation of Customer Satisfaction
By Lerzan Aksoy, Bruce Cooil, ...
-
Quantifying the Long-Term Impact of Negative Word of Mouth on Cash Flows and Stock Prices
By Xueming Luo