Lori Aratani and Paul Duggan of the Washington Post report on the controversy about which agency should oversee safety of the Washington DC subway system (“Metrorail”).
Category Archives: Safety
Brian Costa and Geoff Foster of the Wall Street Journal write about the fairly recent decline in actual fighting in baseball brawls. There’s an economic explanation, and it’s found in their story.
On July 20, 2012, James Holmes killed 12 persons and wounded many others during a showing of the Batman movie The Dark Knight Rises at the Century Aurora 16 theater complex in Aurora, Colorado. Holmes is on trial for murder and has pleaded innocent by reason of insanity. Meanwhile, some of Holmes' victims have sued the owners of the theater for money damages. On August 15, 2014, US District Court Judge R. Brooke Jackson denied defendants' motion for summary judgment.
What are the economic implications of holding movie theater owners financially liable?
The Wall Street Journal reports today that the National football League’s new policies intended to improve player safety have significant effects on competitiveness. When combined with past rule changes that benefited offense over defense, the prospect of fines levied predominately on defensive players is expected to further tip the competitive balance in favor of offense.
In the 6th installment of our series on Sandy Hook, we asked whether regulation of the press might be an effective way to reduce future such events:
Press coverage of events such as Sandy Hook creates two problems. First, some individuals may commit mass murder because they desire fame. To the extent that they do, and their crimes are amply covered by the press, then it is inevitable that press coverage contributes to the supply of mass murders.
Second, press coverage may induce copycats — persons who would not commit mass murder but for the example set by others. Several newspapers have reported possible copycat incidents; we do not link to them here because it serves no constructive purpose.
The search warrants that were issued after the shooting have now been disclosed.
The first post in this series addressed general principles for identifying and analyzing possible regulatory actions that either could have prevented Sandy Hook or prevent future such events. Subsequent posts discussed, in general terms, various regulatory options including changes in physical security at elementary schools, changes in personal security at elementary schools, more stringent gun control, and changes in mental health screening and treatment.
Today we look at regulation of the press. As was the case of other alternatives, the focus here is on a pragmatic question (would regulation be effective?) and a technical one (would regulation be efficient — i.e., less costly than other alternatives of equal effectiveness?). Debating legal and constitutional matters is left to others, but such debates should be irrelevant for any regulatory alternative that would not be effective. Regulations that are ineffective have no social benefits, and it is therefore impossible for them to ever be efficient.