Catastrophic risks are rare events with major consequences and of great interest to green economics. The article investigates the way economics deals with catastrophic risks. Classic expected utility theory is insensitive to rare events no matter how important these may be, based on the axioms...

This paper analyses problems of labor market adjustments to occupational safety and health (OSH) hazards. It also presents analytical models for the eventual measurement and empirical analyses of factors effecting the level of OSH hazards in the workplace. This study does not pretend to deal...