You might be optimistic to think that car safety regulation is designed so as to maximise consumer welfare. See eg https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.24.3.233
Re:Car seats as contraception
by onemiketwelve on Thursday October 01, 2020 @10:13AM
(#24651011)
Exactly, any regulatory decision large or small usually has a ton of research and thought behind it. An interesting episode of planetmoney goes over the history of how to quantify harm/ a human life vs the cost of protective measures. https://www.npr.org/2020/04/15/835571843/episode-991-lives-v...
Apparently the value sits at $10 million USD/ life now. If you take 57 babby * 10M / $200 / car seat = 2.8M car seats. There's apparently 3.7M babbies born in the US/ year. So I think if you accept these numbers it does still make sense.
I looked up the number for one country now, and the report that contains the number also contains references to four decades of academic literature.