Risk and Self-Protection: A State-Contingent View

被引:0
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作者
John Quiggin
机构
[1] Australian National University,Australian Research Council Senior Fellow
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关键词
risk; environmental hazard; self-protection; self-insurance;
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暂无
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学科分类号
摘要
This article is a brief outline of the implications of state-contingent production for the self-insurance problem. A general state-contingent approach to choice and production under uncertainty is presented. Upper and lower bounds for willingness-to-pay for reductions in ambient risk are derived.
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页码:133 / 145
页数:12
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