Int. J. of Business Continuity and Risk Management   »   2011 Vol.2, No.4

 

 

Title: Production, safety, fighting, and risk

 

Author: Kjell Hausken

 

Address: Faculty of Sciences, University of Stavanger, 4036 Stavanger, Norway

 

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.

 

Keywords: production; safety investment; fighting; risk; economics; productive investment.

 

DOI: 10.1504/IJBCRM.2011.044406

 

Int. J. of Business Continuity and Risk Management, 2011 Vol.2, No.4, pp.324 - 329

 

Available online: 14 Dec 2011

 

 

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