Revealed Bureaucratic Preference: Priorities of the Consumer Product Safety Commission
利用条件逻辑模型分析美国消费品安全委员会1977年项目优先排序,发现该机构倾向于选择安全效益大但消费者成本更高的项目,以及需要强制标准的项目。
In June 1977, the U.S. Consumer Product Safety Commission announced priorities for those projects to be executed during subsequent fiscal years. I use conditional logit techniques to analyze random orderings to estimate the Commission's preference functions among projects. I show that the Commission overselects both projects with large safety benefits but even larger consumer costs and projects that require mandatory standards.