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Now showing items 31-40 of 134
National Survey Evidence on Disasters and Relief: Risk Beliefs, Self-Interest, and Compassion
(Journal of Risk and Uncertainty, 2006)
A nationally representative sample of respondents estimated their fatality risks from four
types of natural disasters, and indicated whether they favored governmental disaster
relief. For all hazards, including auto ...
What Juries Can't Do Well: The Jury's Performance as a Risk Manager
(Arizona Law Review, 1998)
Can juries handle complex cases? One way to frame this question in behavioral science terms is to ask: What tasks can juries perform well and what tasks will they perform poorly? Our basic precept is that the legal system ...
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 ...
Regulating the Regulators
(University of Chicago Law Review, 1996)
Since the 1970s, there has been a tremendous growth in government regulation pertaining to risk and the environment. These efforts have emerged quite legitimately because market processes alone cannot fully address ...
Estimating Discount Rates for Environmental Quality from Utility-Based Choice Experiments
(Journal of Risk and Uncertainty, 2008)
We estimate rates of time preference using a utility-based choice experiment
administered to a nationally representative sample of 2,914 respondents. For the full
sample, the rate of time preference is very high for ...
The Value of a Statistical Life: Evidence from Panel Data
(Review of Economics and Statistics, 2012)
This article addresses fundamental long-standing concerns in the compensating wage differentials literature and its public policy implications: the econometric properties of estimates of the value of statistical life (VSL) ...
Effectiveness of the EPA's Regulatory Enforcement: The Case of Industrial Effluent Standards
(Journal of Law and Economics, 1990)
The EPA water pollution regulations-the focus of this study represent an interesting departure from past patterns of regulatory failure. First, the nature of the regulations-discharge limits-relates directly to the policy ...
Superfund and Real Risks
(The American Enterprise, 1994)
An analysis of the Superfund program represents the first systematic effort to document the character of the risks addressed by this legislation, which will in turn determine the total cleanup cost and the degree to which ...
The Lulling Effect: The Impact of Child-Resistant Packaging on Aspirin and Analgesic Ingestions
(AEA Papers and Proceedings, 1984)
In 1972 the Food and Drug Administration imposed a protective bottlecap requirement
on aspirin and other selected drugs. This regulation epitomizes the technological
approach to social regulation. The strategy for reducing ...
Are Risk Regulators Rational? Evidence from Hazardous Waste Cleanup Decisions
(The American Economic Review, 1999)
Using original data on the cleanup of 130 hazardous waste sites, we examine the degree Superfund decisions are driven by efficiency concerns, biases in risk perceptions, and political factors. Target risk levels chosen by ...