Rankings / Candidate
Sam Peltzman
University of Chicago Booth School of Business · Industrial organization
Currently #11, tier Field, score 14.3, named by 1 source.Score history: 100.0, 25.0, 14.3
The work. Peltzman showed in 1975 that seat belt mandates made drivers bolder and ate much of the safety gain. His 1976 paper turned Stigler's capture theory into a general model of how regulators trade off interest groups.
The case for. Regulation is back on every agenda, and the Peltzman effect is one of the few economics ideas a traffic cop knows.
The case against. Stigler won for regulation in 1982, the work is fifty years old, and Peltzman is in his mid-eighties.
The KmikeyM angle. Give a man shareholders as a safety net and Peltzman predicts he takes bigger swings. That is either the risk or the entire point.
What the sources say
- Clarivate alumni (prior years) named Sam Peltzman: named in 2013: for extending economic theories of regulation (heat 100) Preseason: the Clarivate alumni pool