Production, safety, fighting, and risk

Kjell Hausken

International Journal of Business Continuity and Risk Management, 2011, vol. 2, issue 4, 324-329

Abstract: Two agents make a trade-off between production and safety investment, fighting for joint production. Ceteris paribus, if agent 1 has a higher unit cost of production, lower emphasis on safety causes more fighting and higher utility for agent 1, and less production and safety effort by agent 1.

Keywords: production; safety investment; fighting; risk; economics; productive investment. (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (2)

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