Thursday, October 5, 2006
Some interesting points from it:
First, the authors of the memo are quite cautious in their description of the cost/benefit analysis and its value:
They are similarly cautious in their description of the dollar figures allocated to the costs:
(The memo continues with a further description of the cost figures.)
Now, the memo does suggest that the authors believe that the cost/benefit analyses would come out similarly for other "impact modes" (e.g., rear-end collisions):
But even that, let's remember, is in the context of a proposed regulation applicable to fuel systems, and this is a document prepared to address that regulation. It is not a discussion of tort liability, and the "costs" do not reflect tort costs to Ford, but societal costs.