Lutter, Randall; Morrall III, John F; Viscusi, W Kip - In: Economic Inquiry 37 (1999) 4, pp. 599-608
This article develops a model of the conditions under which risk regulations that are too expensive have net adverse health effects. Two principal components of this relationship are the implicit value of life and the income elasticity of risky behaviors. Using new empirical estimates for the...