کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5067737 1476812 2006 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Endogenous private safety investment and the willingness to pay for mortality risk reductions
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Endogenous private safety investment and the willingness to pay for mortality risk reductions
چکیده انگلیسی
When individuals cannot undertake safety-improving expenditures, the effect of an increase in the initial risk on the willingness to pay (WTP) for mortality risk reduction is positive because of the dead-anyway effect. When they can undertake safety-improving expenditures, the effect of an increase in the initial risk is governed by two effects: The dead-anyway effect which is positive and the high-payment effect which is negative. We treat the two types of risk-reducing expenditures, endogenous and exogenous, as inputs in a safety-improving technology function and find conditions that guarantee that the high-payment effect dominates.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Economic Review - Volume 50, Issue 8, November 2006, Pages 2063-2074
نویسندگان
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