Winston, Clifford; Maheshri, Vikram; Mannering, Fred - In: Journal of Risk and Uncertainty 32 (2006) 2, pp. 83-99
The offset hypothesis predicts consumers adapt to innovations that improve safety by becoming less vigilant about safety. Previous tests have used aggregate data that may confound the effect of a safety policy with those consumers who are most affected by it. We test the hypothesis using...
