Willingness to pay and the distribution of risk and wealth

Journal of Political Economy

Volumn 104, Issue 4, 1996, Pages 747-763

  Pratt, John W ^a   Zeckhauser, Richard J ^a  

^a HARVARD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0001185075     PISSN: 00223808     EISSN: None     Source Type: Journal    
DOI: 10.1086/262041     Document Type: Article

References (19)

1. Breyer, Stephen G. Breaking the Vicious Circle: Toward Effective Risk Regulation. Cambridge, Mass.: Harvard Univ. Press, 1993.
2. Cutler, David M., and McClellan, Mark. "What Is Technological Change?" Manuscript. Cambridge, Mass.: Harvard Univ. and NBER, 1995.
3. Goddeeris, John H. "Medical Insurance, Technological Change, and Welfare." Econ. Inquiry 22 (January 1984): 56-67.
4. Leonard, Herman B., and Zeckhauser, Richard J. "Cost-Benefit Analysis Applied to Risks: Its Philosophy and Legitimacy." In Values at Risk, edited by Douglas MacLean. Totowa, N.J.: Rowman and Allanheld, 1986.
5. Lutter, Randall; Morrall, John; and Viscusi, W. Kip. "Risky Behavior and the Income-Mortality Relationship." Working paper. Durham, N.C.: Duke Univ., June 1995.
6. Niskanen, William A. "Clinton Regulation Will Be 'Rational': Interview with Sally Katzen, the New OIRA Administrator." Regulation 16, no. 3 (1993): 36-43.
7. Olson, Mancur. The Logic of Collective Action: Public Goods and the Theory of Groups. Cambridge, Mass.: Harvard Univ. Press, 1971.
8. Office of Management and Budget. Regulatory Program of the United States Government, Apnl 1, 1991-March 31, 1992. Washington: Office Management and Budget, 1992.
9. Pratt, John W., and Zeckhauser, Richard J. "Willingness to Pay and the Concentration of Risk." Faculty Research Working Paper Series, no. R-93-20. Cambridge, Mass.: Harvard Univ., Kennedy School Government, July 1993.
10. Rawls, John. A Theory of Justice. Cambridge, Mass.: Belknap Press, Harvard Univ. Press, 1971.
11. Rosen, Sherwin. "The Theory of Equalizing Differences." In Handbook of Labor Economics, vol. 1, edited by Orley Ashenfelter and Richard Layard. Amsterdam: North-Holland, 1986.
12. Samuelson, Paul A. "The Pure Theory of Public Expenditure." Rev. Econ. and Statis. 36 (November 1954): 387-89.
13. Schelling, Thomas C. "The Life You Save May Be Your Own." In Problems in Public Expenditure Analysis, edited by Samuel B. Chase, Jr. Washington: Brookings Inst., 1968. Reprinted in Choice and Consequence. Cambridge, Mass.: Harvard Univ. Press, 1984.
14. Stigler, George J., and Becker, Gary S. "De Gustibus Non Est Disputandum." A.E.R. 67 (March 1977): 76-90.
15. Tversky, Amos, and Kahneman, Daniel. "Prospect Theory: An Analysis of Decision under Risk." Econometrica 47 (March 1979): 263-91.
16. Viscusi, W. Kip. Fatal Tradeoffs: Public and Private Responsibilities for Risk. New York: Oxford Univ. Press, 1992.
17. Weisbrod, Burton A. "The Health Care Quadrilemma: An Essay on Technological Change, Insurance, Quality of Care, and Cost Containment." J. Econ. Literature 29 (June 1991): 523-52.
18. Zeckhauser, Richard J., and Shepard, Donald. "Where Now for Saving Lives?" Law and Contemporary Problems 40 (Autumn 1976): 5-45.
19. Zeckhauser, Richard J., and Viscusi, W. Kip. "Risk within Reason." Science 248 (May 4, 1990): 559-64.