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Author: W. Kip Viscusi Publisher: Springer Science & Business Media ISBN: 9401113602 Category : Business & Economics Languages : en Pages : 119
Book Description
Regulations to promote health and safety may be costly relative to the expected health and safety benefits, and may actually have negative effects on health and safety. These negative effects, or costs, may be due to reduced private spending on health and safety, moral hazard, or the creation of new risks. This volume considers the use of costs--benefit analysis, risk--risk analysis, and health--health analysis to determine the mortality cost associated with regulatory expenditures.
Author: W. Kip Viscusi Publisher: Springer Science & Business Media ISBN: 9401113602 Category : Business & Economics Languages : en Pages : 119
Book Description
Regulations to promote health and safety may be costly relative to the expected health and safety benefits, and may actually have negative effects on health and safety. These negative effects, or costs, may be due to reduced private spending on health and safety, moral hazard, or the creation of new risks. This volume considers the use of costs--benefit analysis, risk--risk analysis, and health--health analysis to determine the mortality cost associated with regulatory expenditures.
Author: W. Kip Viscusi Publisher: Springer Science & Business Media ISBN: 9780792394457 Category : Business & Economics Languages : en Pages : 134
Book Description
Regulations to promote health and safety may be costly relative to the expected health and safety benefits, and may actually have negative effects on health and safety. These negative effects, or costs, may be due to reduced private spending on health and safety, moral hazard, or the creation of new risks. This volume considers the use of costs--benefit analysis, risk--risk analysis, and health--health analysis to determine the mortality cost associated with regulatory expenditures.
Author: Robert W. Hahn Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
A minimal test of the desirability of regulations is that they further their primary objectives. In some cases, regulations designed to reduce health, safety, and environmental risks can actually increase risk, especially when such regulations lead to significant reductions in private expenditures on life-saving investments. This monograph assesses the mortality implications of the costs of a group of twenty-four federal health, safety, and environmental regulations. We find that an unintended increase in risk is likely to result from the majority of regulations examined here. A more positive result is that aggregate mortality risk falls for the entire set of regulations, primarily because a few regulations yield large reductions in risk. We believe that such analysis can help to highlight the potential problems with inefficient regulation and can serve as a useful complement to other forms of analysis, such as benefit-cost analysis. Specifically, we believe that an assessment of the mortality implications of regulatory costs can and should be used to help identify those regulations whose primary purpose is to save lives but that may have the unintended consequence of actually increasing mortality. In such perverse cases, Congress and the regulatory agencies should seriously consider alternatives that would yield higher levels of economic welfare and save more lives.
Author: Robert William Hahn Publisher: American Enterprise Institute ISBN: 9780844771533 Category : Business & Economics Languages : en Pages : 48
Book Description
Fasttrack Management and Organizational Behavior by James S. Sagner, PhD Published by Fasttrack Textbooks Why do we need another book on management and organizational behavior? There are many good texts on these topics that are available for classroom use, but an instructor must explain and update most of the content. Here are eight reasons that Fasttrack Management and Organizational Behavior is different from other textbooks. 1.The author. Nearly all books that deal with management are written by academics. The few exceptions deal with the mechanics of personnel management such as hiring practices or how to create a successful management-by-objectives program. While Dr. Sagner does teach MBA students, much of his career was as a bank vice-president (at the First National Bank of Chicago, now JPMorgan Chase). What managers do each day varies significantly from what most textbooks say they do. 2.The writing. Much of what you'll find in other books is padding. In some texts you'll find endless discussions, numerous references to practices in companies so obscure that no one has ever heard of them, detours into topics not specifically related to management and organization behavior, and other material that adds words but not much real content. Students today are busy and do not have the time or the focus to wade throughout 150,000 words. This book (and others planned for this series) is about 75,000 comprised mostly one, two or three syllable words, roughly half of the usual length. 3.The timeliness of coverage. This book addresses current topics (Obamacare, the effect of the recession on management, global differences in management style, the increasing relevance of control in managing organizations, disappearing human resources departments, contingent workers, interpersonal dynamics and managing in a time of change). Some of these issues did not even exist until recently, and many are not mentioned in other management texts. 4.The integration of cases with the text. The ten cases written to be used in conjunction with this text address such varied management concerns as change management, controlling, decision-making, directing, group dynamics, individual motivation, leadership, individual decision-making, personnel/human resources and planning. Instructors will have access to suggested solutions through our website. In addition, some short cases are included within the text material. 5.The breath of business coverage. Management does not occur in a vacuum. The work of the manager touches every business discipline, and to ignore these relationships is simply not realistic. As appropriate, reference is made to accounting, finance, marketing, law and manufacturing, all of which affect the success or failure of the organization. 6.The use of "helps" to support the student. Every chapter begins with a lead-in of major topics to be covered. Within the chapter, icons tell the reader whether the content level is basic or advanced, and the chapters end with important issues that should be addressed to bring modern management and organizational behavior concepts to an organization as well as review and discussion questions. 7.Instructor support. Our website provides access to useful teaching aids: test banks of multiple choice and short essay questions and answers, PowerPoint slides for each chapter, teaching ideas for the classroom and illustrative syllabi. Sample PowerPoints and teaching ideas can be accessed through the website sub-menus. In addition, Fasttrack Textbooks will respond to any requests for additional material, for clarification or for other support. 8.A standardized series of business texts. Over the next few years, texts will be prepared in exactly the same style for accounting, finance, international business and other important "core" courses. This will make learning easier for many students, particularly for those for whom English is not the native language.
Author: James Broughel Publisher: ISBN: Category : Languages : en Pages : 48
Book Description
This paper updates the cost-per-life-saved cutoff, which is a cost-effectiveness threshold for life- saving regulations, whereby regulations costing more per life saved than this threshold level are expected to increase mortality risk on net. Two competing methods of deriving the cutoff exist: a direct approach based on empirical observation and an indirect approach grounded in economic theory. Both methods build from the assumption that changes in income lead to changes in mortality risk. The likely mechanisms driving this relationship are discussed, with support from recent empirical studies. The indirect approach is preferable in that it avoids the problems of endogeneity of health status and income found with the direct approach. The cost-per-life-saved cutoff value at which regulations increase mortality risk is estimated to have a lower bound value of $75.4 million and an upper bound value of $123.2 million, with a midpoint value of $99.3 million. This cutoff value range is compared with cost-effectiveness estimates for a series of recent policies, including several state expansions of the Medicaid public insurance program in the first few years of the 21st century, an early version of the “travel ban” executive order that restricted refugee admissions into the United States, and nine recent air pollution regulations from the Environmental Protection Agency. The paper concludes that the mortality risk test is an important and underutilized tool in the policy analyst's toolkit, both as an overall test of regulatory efficacy and as an integral component of calculations of net risk effects of policies.
Author: Cass R. Sunstein Publisher: American Bar Association ISBN: 9781590310540 Category : Business & Economics Languages : en Pages : 220
Book Description
This book discusses the current topic of Federal Government regulations increasingly assessed by asking whether the benefits of the regulation justifies the cost of the regulation.
Author: Raymond Fisman Publisher: ISBN: Category : Business and politics Languages : en Pages : 0
Book Description
We study the relationship between the political connections of Chinese firms and workplace fatalities. In our preferred specification we find that the worker death rate for connected companies is two to three times that of unconnected firms (depending on the sample employed), a pattern that holds for within-firm estimations. The connections-mortality relationship is attenuated in provinces where safety regulators' promotion is contingent on meeting safety targets. In the absence of fatalities, connected firms receive fewer reports of major violations for safety compliance, whereas in years of fatal accidents the rate of reported violations is identical. Moreover, fatal accidents produce negative returns at connected companies and are associated with the subsequent departure of well-connected executives. These results provide suggestive evidence that connections enable firms to avoid (potentially costly) compliance measures, rather than using connections to avoid regulatory response after accidents occur. Our findings emphasize the social costs of political connections, and suggest that appropriate regulatory incentives may be useful in mitigating these costs.
Author: W. Kip Viscusi Publisher: MIT Press ISBN: 0262038064 Category : Business & Economics Languages : en Pages : 1001
Book Description
A thoroughly revised and updated edition of the leading textbook on government and business policy, presenting the key principles underlying sound regulatory and antitrust policy. Regulation and antitrust are key elements of government policy. This new edition of the leading textbook on government and business policy explains how the latest theoretical and empirical economic tools can be employed to analyze pressing regulatory and antitrust issues. The book departs from the common emphasis on institutions, focusing instead on the relevant underlying economic issues, using state-of-the-art analysis to assess the appropriate design of regulatory and antitrust policy. Extensive case studies illustrate fundamental principles and provide insight on key issues in regulation and antitrust policy. This fifth edition has been thoroughly revised and updated, reflecting both the latest developments in economic analysis and recent economic events. The text examines regulatory practices through the end of the Obama and beginning of the Trump administrations. New material includes coverage of global competition and the activities of the European Commission; recent mergers, including Comcast-NBC Universal; antitrust in the new economy, including investigations into Microsoft and Google; the financial crisis of 2007–2008 and the Dodd-Frank Act; the FDA approval process; climate change policies; and behavioral economics as a tool for designing regulatory strategies.
Author: W. Kip Viscusi
Author: W. Kip Viscusi
Author: W. Kip Viscusi
Author: W. Kip Viscusi
Author: Robert W. Hahn
Author: Robert William Hahn
Author: James Broughel
Author: Finn Roger Tellefsen
Author: Cass R. Sunstein
Author: Raymond Fisman
Author: W. Kip Viscusi