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An Economic Analysis of Severe Industrial Hazards

  • Immo Querner

Part of the Microeconomic Studies book series (MICROECONOMIC)

Table of contents

  1. Front Matter
    Pages I-XIII
  2. Introduction

    1. Immo Querner
      Pages 1-17
  3. Nomenclature

    1. Immo Querner
      Pages 19-19
  4. A General Model of Aversion Against Severe Industrial Hazards

    1. Front Matter
      Pages 21-21
    2. Immo Querner
      Pages 23-76
    3. Immo Querner
      Pages 77-118
    4. Immo Querner
      Pages 124-135
  5. A Micro-Economic Analysis of Measures Against Severe Industrial Hazards

    1. Front Matter
      Pages 137-137
    2. Immo Querner
      Pages 185-191
    3. Immo Querner
      Pages 192-203
    4. Immo Querner
      Pages 204-248
    5. Immo Querner
      Pages 249-257
  6. Back Matter
    Pages 259-271

About this book

Introduction

and Acknowledgments Apparently almost every other month severe industrial hazards invade our living rooms, be it in terms of an ex post report or in terms of an alarming scenario, be it in a remote corner of the world or just in front of our doorstep. Although the invasion of our living rooms is mostly only via printed or electronic media (as opposed to personally experienced tragedies), people in the western hemissphere seem to be concerned, and so are politics and science. Given that welfare-economics has played (or is about to play) a helpful role in terms of analyzing and rationalizing "political" issues (such as the environment, education, or the law) that had been deemed too soft, too psychological, too value-laden, or too political, a book about the economics of catastrophic industrial hazards and their prevention will hardly come as a surprise. However, what are the precise obj ecti ves of this book? For a start, the author intends to argue the welfare-economic relevance of severe industrial hazards, both from a theoretical as well as from a very down-to-earth perspecti ve. Secondly, it shall be demonstrated that and how the problem can be theoretically dealt with, without really departing from standard micro-economics, in particular the "Pareto principle" and, when it comes to very small "collective" physical risks, the well established "von Neumann-Morgenstern" framework.

Keywords

Mikroökonomie Wohlfahrt hazard microeconomics safety welfare

Authors and affiliations

  • Immo Querner
    • 1
  1. 1.Berlin 12Germany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-95898-4
  • Copyright Information Physica-Verlag Heidelberg 1993
  • Publisher Name Physica-Verlag HD
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-7908-0678-6
  • Online ISBN 978-3-642-95898-4
  • Series Print ISSN 1431-6005
  • Buy this book on publisher's site
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