In 2012, a Connecticut woman dropped from her harness to her death while parasailing near Pompano Beach, Florida. Such deaths are unusual, apparently no more than a few dozen worldwide over the past 30 years; but Florida has seen four in recent years. The Florida legislature in 2014 adopted a new law governing parasailing, previously a largely unregulated commercial, recreational activity. The new rules, among other things, require insurance for operators, mandate an on-board observer, and allow operation only when winds do not exceed 20 miles per hour. 

a. Do parasailing deaths constitute a market failure? Explain. 

b. Would you vote for such a parasailing rule, or would you leave parasailing safety to the market? Explain.