Benefits and costs of regulation

Reference no: EM13222737

Good and Evil on the Rails" invites debate about the benefits and costs of regulation. After a train crash in California killed 24 passengers, Congress passed a law mandating $13.3 billion of computerized controls to make trains safer. Unfortunately, the benefits, including the value of statistical lives saved, were less than $1 billion. Is the money well spent?

Reference no: EM13222737

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