IDEAS home Printed from https://ideas.repec.org/a/bla/kyklos/v41y1988i3p379-95.html
   My bibliography  Save this article

Disaster-Prone Technologies, Environmental Risks, and Profit Maximization

Author

Listed:
  • England, Richard W

Abstract

This paper presents a model of short-run profit maximization by an industrial firm utilizing a disaster-prone technology. The firm's decisions about output rate and accident prevention activities are shown to be jointly determined by market demand, production cost, and prospective accident loss data. Various institutional reasons are given for believing that, in the absence of government safety regulations, even a risk-neutral management is likely to choose an excessively high probability of a Bhopal-style disaster. Copyright 1988 by WWZ and Helbing & Lichtenhahn Verlag AG

Suggested Citation

  • England, Richard W, 1988. "Disaster-Prone Technologies, Environmental Risks, and Profit Maximization," Kyklos, Wiley Blackwell, vol. 41(3), pages 379-395.
  • Handle: RePEc:bla:kyklos:v:41:y:1988:i:3:p:379-95
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:spr:annopr:v:237:y:2016:i:1:d:10.1007_s10479-014-1684-5 is not listed on IDEAS
    2. Hausken, Kjell & Zhuang, Jun, 2013. "The impact of disaster on the strategic interaction between company and government," European Journal of Operational Research, Elsevier, vol. 225(2), pages 363-376.
    3. Bauer, Thomas K. & Million, Andreas & Rotte, Ralph & Zimmermann, Klaus F., 1998. "Immigration Labor and Workplace Safety," IZA Discussion Papers 16, Institute for the Study of Labor (IZA).
    4. Kjell Hausken & Jun Zhuang, 2016. "The strategic interaction between a company and the government surrounding disasters," Annals of Operations Research, Springer, vol. 237(1), pages 27-40, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:kyklos:v:41:y:1988:i:3:p:379-95. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.