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Now showing items 21-30 of 44
Economic Foundations of the Current Regulatory Reform Efforts
(Journal of Economic Perspectives, 1996)
Almost since the inception of the risk and environmental agencies in the early 1970s, there has been a continuing concern with ensuring that regulations yield societal benefits commensurate with their costs. This recognition ...
From Cash Crop to Cash Cow
(Regulation, 1997)
The 1990s have witnessed a blizzard of antismoking efforts. Hillary Clinton and a variety of supporters of the Clinton health care plan urged dramatically higher cigarette taxes to pay for expanded health insurance ...
Estimation of State-Dependent Utility Functions Using Survey Data
(The Review of Economics and Statistics, 1991)
Abstract-Surveys of individual's risk-dollar tradeoffs illuminate not only the local tradeoff rates but also can be used to address more fundamental questions about the structure of
utility functions. This largely unexplored ...
Sources of Inconsistency in Societal Responses to Health Risks
(The American Economic Review, 1990)
Society has until recently devoted insufficient attention to the long-run environmental problems that we face, including acid rain and the greenhouse effect. Our inaction with respect to these risks can hardly be characterized ...
Medical Malpractice Insurance in the Wake of Liability Reform
(The Journal of Legal Studies, 1995)
This article examines the effect of the liability reforms on medical malpractice insurance over the 1984-91 period. This is the first study to use data by firm and by state for every firm writing medical malpractice insurance ...
The Governmental Composition of the Insurance Costs of Smoking
(Journal of Law and Economics, 1999)
The estimated health risks from smoking have significant external financial consequences
for society. Studies at the national level indicate that cigarettes are selffinancing since external costs such as those due to ...
Do Smokers Underestimate Risks?
(Journal of Political Economy, 1990)
This paper uses a national survey of 3,119 individuals to examine the effect of lung cancer risk perceptions on smoking activity. Both smokers and nonsmokers greatly overestimate the lung cancer risk of cigarette smoking, ...
Product and Occupational Liability
(Journal of Economic Perspectives, 1991)
Litigation over product liability has escalated because of shifting liability standards, and the role of workers' compensation has increased both because of the changing injury mix and the provision of more generous benefit ...
Worker Learning and Compensating Differentials
(Industrial and Labor Relations Review, 1991)
In the standard compensating wage differential model, workers value their wage and workers' compensation components based on full job risk information. Market forces generate positive wage differentials as ex ante compensation ...
Workers' Compensation and Injury Duration: Evidence from a Natural Experiment
(The American Economic Review, 1995)
This paper examines the effect of workers' compensation on time out of work. It
introduces a "natural experiment" approach of comparing individuals injured
before and after increases in the maximum weekly benefit amount. ...