As a practical matter, the VSL is successful in balancing the benefits and costs of regulation.
The VSL is necessarily based on market preferences that accurately reflect society’s valuation of risks and benefits.
Using the VSL to measure benefits promotes the interests of individuals who are affected by regulation.
Agencies should boost penalties for fatal rule violations to match the value of a statistical life.
E-cigarettes are less dangerous than is generally believed, posing a unique information challenge for regulators.