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Now showing items 1-6 of 6
The Risks and Rewards of Criminal Activity: A Comprehensive Test of Criminal Deterrence
(Journal of Labor Economics, 1986)
Whereas previous analyses of criminal deterrence have focused on the effect of criminal enforcement on crime rates, this study analyzes the existence of compensating differentials for criminal pursuits. By analyzing the ...
Moral Hazard and Merit Rating Over Time: An Analysis of Optimal Intertemporal Wage Structures
(Southern Economic Journal, 1986)
In situations of uncertain worker productivity and risk aversion, labor market contracts have a dual objective of promoting incentives and risk spreading. A trade-off between these objectives is present in single period ...
The Determinants of the Disposition of Product Liability Claims and Compensation for Bodily Injury
(The Journal of Legal Studies, 1986)
The frequency and severity of products liability lawsuits have become a matter of increasing importance and concern to the public at large and to American business in particular. The number of product liability cases filed ...
The Structure and Enforcement of Job Safety Regulation
(Law & Contemporary Problems, 1986)
For more than a decade, the Occupational Safety and Health
Administration (OSHA) has been regulating the technology and work
practices of employers. This governmental function is relatively new and is
quite different ...
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 ...
The Impact of Occupational Safety and Health Regulation, 1973-1983
(Rand Journal of Economics, 1986)
Using a sample of manufacturing industries from 1973 to 1983, this article reexamines
OSHA's impact on workplace safety. Evidence supporting OSHA's effectiveness is stronger than that presented in most previous studies ...