ECONOMICS OF COMMERCIAL AVIATION SAFETY

It is shown that fundamental societal value judgments must be solved in order to determine the degree of commercial aviation safety that is socially optimal. It is also suggested that considerable care is required to arrive at an optimal social policy due to the complexity presented by the interaction of the regulated manufacturers. Highly simplified models may be useful in delineating some of the issues in these more complex and realistic problems of safety, economics and regulation.

Media Info

  • Pagination: p. 162-166

Subject/Index Terms

Filing Info

  • Accession Number: 00180422
  • Record Type: Publication
  • Source Agency: Engineering Index
  • Report/Paper Numbers: IEEE 1519 Proceeding
  • Files: TRIS
  • Created Date: Sep 27 1978 12:00AM