Skip to Main Content
Handbook of the Economics of Risk and Uncertainty
book

Handbook of the Economics of Risk and Uncertainty

by Mark Machina, W. Kip Viscusi
November 2013
Beginner content levelBeginner
896 pages
35h 10m
English
North Holland
Content preview from Handbook of the Economics of Risk and Uncertainty
Thomas J. Kniesner and John D. Leeth
558
and at 0.310, well within the range of other estimates in Table 9.3, but the elasticity after
1990 is near zero and statistically insignificant.
9.5.3.4 Experience Rating
Theoretically, the relationship between injuries and workers’ compensation benefit gen-
erosity cannot be determined. Expanding indemnity benefits raises the cost of accidents
to firms, but lowers the cost of accidents to workers. If worker incentives dominate, then
workplace accidents rise. If firm incentives dominate, then accidents fall. And if the two
forces counteract each other, accidents remain constant.
As can be seen from the first-order ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Handbook of the Economics of Finance

Handbook of the Economics of Finance

George M. Constantinides, Milton Harris, Rene M. Stulz
Quantitative Financial Risk Management: Theory and Practice

Quantitative Financial Risk Management: Theory and Practice

Constantin Zopounidis, Emilios Galariotis
Mathematical Methods for Finance: Tools for Asset and Risk Management

Mathematical Methods for Finance: Tools for Asset and Risk Management

Sergio M. Focardi, CFA Frank J. Fabozzi, Turan G. Bali

Publisher Resources

ISBN: 9780444536853