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Now showing items 11-20 of 134
The Benefits of Mortality Risk Reduction: Happiness Surveys vs. The Value of a Statistical Life
(Duke Law Journal, 2013)
A principal component of many benefit-cost analyses (BCAs) of health, safety, and environmental regulations is the valuation of the fatality risk effects of the underlying policy. Government agencies currently value these ...
Natural Disaster Risks: An Introduction
(Journal of Risk and Uncertainty, 2006)
An introduction to a special issue of the Journal of Risk and Uncertainty dealing with the implications of catastrophic events for research on risk and uncertainty. What are the
consequences of natural disasters? How do ...
Assessing the Insurance Role of Tort Liability After Calabresi
(Law & Contemporary Problems, 2014)
Calabresi’s theory of tort liability (1961) as a risk distribution mechanism established insurance as an objective of tort liability. Calabresi’s risk-spreading concept of tort has provided the impetus for much of the ...
Recollection Bias and the Combat of Terrorism
(The Journal of Legal Studies, 2005)
Survey respondents assessed the risks of terrorist attacks and their consequences and were asked how their assessments changed from before September 11 to the present. This paper analyzes those current and recollected risk ...
Informational Regulation of Consumer Health Risks: An Empirical Evaluation of Hazard Warnings
(The RAND Journal of Economics, 1986)
On the basis of data from a survey of almost 400 consumers, this article assesses whether consumer behavior is responsive to information about product hazards that is provided in response to regulation. We find that the ...
Behavioral Public Choice: The Behavioral Paradox of Government Policy
(Harvard Journal of Law & Public Policy, 2015)
Although government agencies increasingly use behavioral irrationalities as a justification for government intervention, the paradox is that these same government policies are also subject to similar behavioral inadequacies ...
Mortality Effects of Regulatory Costs and Policy Evaluation Criteria
(The RAND of Economics, 1994)
Risk regulations directly reduce risks, but they may produce offsetting risk increases. Regulated risks generate a substitution effect, as individuals' risk-averting actions will diminish. Recognition of these effects ...
The New Cigarette Paternalism
(Regulation, 2002)
Smoking is by far the largest single risk that most people take. Perhaps in part because of that prominence, smoking has been the target of a wide variety of regulations and legal action. The controversy over tobacco ...
Alternative Approaches to Valuing the Health Impacts of Accidents: Liability Law and Prospective Evaluations
(Law & Contemporary Problems, 1983)
The task of valuing accidental injuries and deaths is intrinsically difficult for two reasons. First, unlike standard consumer commodities, individual health is not traded explicitly on the market. It may be traded implicitly ...
Promoting Safety Through Workers' Compensation: The Efficacy and Net Wage Costs of Injury Insurance
(The RAND Journal of Economics, 1989)
This article explores the effects of workers' compensation on fatality rates and wages using the 1982 Panel Study of Income Dynamics and the new occupational fatality data issued by the National Institute for Occupational ...