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the fundamental problem is information asymmetry. when a consumer makes a purchase, they do not and can not evaluate the safety of a product design. As such, th

• _heimdall 3y ago
  When Boeing flights have repeated safety issues on passenger flights, what more information is needed? As it stands, consumers don't have much reason to act for themselves as the FAA and government at large would prefer that we trust they have it under control. That may even be true, but surely that falls under the information imbalance you mention. We don't know exactly how the regulators are responding, though we do know that FAA regulations rely heavily on self-report mechanisms in which the companies effecrively regulate themselves.