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MISPERCEIVED JOB HAZARDS AND WELFARE
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UNSPECIFIED (1995) MISPERCEIVED JOB HAZARDS AND WELFARE. JOURNAL OF PUBLIC ECONOMICS, 56 (1). pp. 97-123.
Research output not available from this repository, contact author.Abstract
Bayesian workers produce 'chemicals' hazardously in one sector of a two-sector economy having one safe sector. Adopting an expected ex post welfare perspective, we show workers' misperceptions of hazards entail a classic externality. We characterise chemicals' competitive, monopoly and socially efficient outputs, assuming workers receive identical wage-accident compensation contracts under each, the value of information which induces workers to place greater stress on firms' safety records or sharpens their priors, and extend the standard monopoly welfare loss index for sufficient conditions for monopoly to be preferred to competition in chemicals and for size-ranking monopoly and efficient chemical outputs.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
| Journal or Publication Title: | JOURNAL OF PUBLIC ECONOMICS | ||||
| Publisher: | ELSEVIER SCIENCE SA LAUSANNE | ||||
| ISSN: | 0047-2727 | ||||
| Official Date: | January 1995 | ||||
| Dates: |
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| Volume: | 56 | ||||
| Number: | 1 | ||||
| Number of Pages: | 27 | ||||
| Page Range: | pp. 97-123 | ||||
| Publication Status: | Published |
Data sourced from Thomson Reuters' Web of Knowledge
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