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

Abstract: Two agents convert resources into safety investment and production while exchanging goods voluntarily. Safety investment ensures reduction of costly risk. High unit cost of safety effort reduces both productive effort and safety effort, which reduces income.

Online publication date: Sat, 27-Sep-2014

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