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Now showing items 11-20 of 32
Saving Lives Through Punitive Damages
(Southern California Law Review, 2010)
This Article proposes that the value of statistical life ("VSL ") be used to set the total damages amount needed for deterrence when punitive damages are warranted in wrongful death cases. The appropriate level of total ...
Promoting Recycling: Private Values, Social Norms, and Economic Incentives
(American Economic Review, 2011)
Individual behaviors that benefit the environment are potentially influenced by personal values of environmental quality, social norms that encourage proenvironmental actions, and economic incentives. Economic incentives ...
Risky Investment Decisions: How Are Individuals Influenced by Their Groups?
(Journal of Risk and Uncertainty, 2011)
We investigate the effect of group versus individual decision-making in the context of risky investment decisions in which all subjects are fully informed of the probabilities and payoffs. Although there is full information, ...
Risk Regulation Lessons from Mad Cows
(Foundations and Trends in Microeconomics, 2013)
The mad cow disease crisis in the United Kingdom (U.K.) was a major policy disaster. The government and public health officials failed to identify the risk to humans, created tremendous uncertainty regarding the human risks ...
Does Product Liability Make Us Safer?
(Regulation, 2012)
Product liability law is intended to create an environment that fosters safer products. However, this law often has adverse consequences. Some of the problems stem from the inherent nature of product risk decisions and the ...
Policy Challenges of the Heterogeneity of the Value of Statistical Life
(Foundations and Trends in Microeconomics, 2010)
Economic research has developed estimates of the heterogeneity of the value of statistical life (VSL) on dimensions such as individual age, income, immigrant status, and the nature of the risk exposure. This paper examines ...
Voter Preferences and State Regulation of Smoking
(2015-12-17)
Voters' preferences for smoking restrictions in restaurants, bars, malls, indoor sporting events, and hospitals are consistent with state-level restrictions on smoking in each of these public areas. This analysis is based ...
Risk Regulation Lessons from Mad Cows
(Foundations and Trends in Microeconomics, 2013)
The mad cow disease crisis in the United Kingdom (U.K.) was a major policy disaster. The government and public health officials failed to identify the risk to humans, created tremendous uncertainty regarding the human risks ...
Survey Mode Effects on Valuation of Environmental Goods
(International Journal of Environmental Research and Public Health, 2011)
This article evaluates the effect of the choice of survey recruitment mode on the value of water quality in lakes, rivers, and streams. Four different modes are compared:bringing respondents to one central location after ...
Using Data from the Census of Fatal Occupational Injuries to Estimate the "value of a statistical life"
(Monthly Labor Review, 2013)
The advent of the Census of Fatal Occupational Injuries has enabled researchers to reduce measurement error in
fatality rate estimates; in turn, estimates of the “value of a statistical life” that are based on labor market ...