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.
Int. J. of Business Continuity and Risk Management, 2011 Vol.2, No.4, pp.324 - 329
Available online: 14 Dec 2011