Production, safety, fighting, and risk
by Kjell Hausken
International Journal of Business Continuity and Risk Management (IJBCRM), Vol. 2, No. 4, 2011

Abstract: Two agents make a trade-off between production and safety investment, fighting for joint production. Ceteris paribus, if agent 1 has a higher unit cost of production, lower emphasis on safety causes more fighting and higher utility for agent 1, and less production and safety effort by agent 1.

Online publication date: Sat, 27-Sep-2014

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