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Willingness to pay for workplace safety
Anelli, Massimo; Koenig, Felix - 2021
This paper develops a revealed-preference approach that uses budget constrain discontinuities to price workplace safety. We track hourly workers who face the decision of how many hours to work at varying levels of Covid-19 risk and leverage state-specific discontinuities in unemployment...
Persistent link: https://www.econbiz.de/10012697149
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The influence of product liability on vertical product differentiation
Baumann, Florian; Friehe, Tim; Rasch, Alexander - 2015
This paper explores the impact of product liability on vertical product differentiation when product safety is perfectly observable. In a two-stage competition, duopolistic firms are subject to strict liability and segment the market such that a low-safety product is marketed at a low price to...
Persistent link: https://www.econbiz.de/10010509593
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Accident law : an excessive standard may be efficient
Goerke, Laszlo - 2001
are not related to the occurrence of an accident. Such a mechanism requires individuals to violate the standard of care in …
Persistent link: https://www.econbiz.de/10011408443
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Compensation for loss of work income in personal injury cases
Danziger, Leif; Katz, Eliakim - 2017
What is the appropriate lump-sum compensation for loss of work income in personal injury cases? Since generally future work income is not known with certainty, compensation for its loss must be based on statistical considerations. Typically, courts have based awards on mean or median work...
Persistent link: https://www.econbiz.de/10011688166
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Compensation in personal injury cases : mean or median income?
Danziger, Leif; Katz, Eliakim - 2019
Courts typically base compensation for loss of income in personal injury cases on either mean or median work income. Yet, quantatively, mean and median incomes are typically very different. For example, in the US median income is 65 percent of mean income. In this paper we use economic theory to...
Persistent link: https://www.econbiz.de/10012033224
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Stay or flee? : probability versus severity of punishment in hit-and-run accidents
Castriota, Stefano; Tonin, Mirco - 2019
affecting the probability of apprehension and find that the likelihood of hit-and-run conditional on an accident taking place …
Persistent link: https://www.econbiz.de/10012120376
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Speed limit enforcement and road safety
Bauernschuster, Stefan; Rekers, Ramona - 2019 - This version: December 2019
We study the impact on road safety of one-day massive speed limit monitoring operations (SLMO) accompanied by media campaigns that announce the SLMO and provide information on the dangers of speeding. Using register data on the universe of police reported accidents in a generalized...
Persistent link: https://www.econbiz.de/10012156382
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Firm-productivity and export under non-constant marginal costs
Mukherjee, Arijit - 2016
Recent theoretical research shows that exporters are more productive than nonexporters. We show that this result holds almost trivially for the case of constant marginal cost of production, as mainly assumed in the literature, but it may not hold true if the marginal cost is not constant. Our...
Persistent link: https://www.econbiz.de/10011432543
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The real exchange rate in the long run : Balassa-Samuelson effects reconsidered
Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - 2014
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10010374513
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Labor market policies and European crises
Bertola, Giuseppe - 2013
This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in …
Persistent link: https://www.econbiz.de/10010199422