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Production, safety, fighting, and risk

Author

Listed:
  • Kjell Hausken

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.

Suggested Citation

  • Kjell Hausken, 2011. "Production, safety, fighting, and risk," International Journal of Business Continuity and Risk Management, Inderscience Enterprises Ltd, vol. 2(4), pages 324-329.
    • Handle: RePEc:ids:ijbcrm:v:2:y:2011:i:4:p:324-329
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    Cited by:

    1. Wu, Di & Yan, Xiangbin & Peng, Rui & Wu, Shaomin, 2020. "Risk-attitude-based defense strategy considering proactive strike, preventive strike and imperfect false targets," Reliability Engineering and System Safety, Elsevier, vol. 196(C).
    2. Hunt, Kyle & Agarwal, Puneet & Zhuang, Jun, 2022. "On the adoption of new technology to enhance counterterrorism measures: An attacker–defender game with risk preferences," Reliability Engineering and System Safety, Elsevier, vol. 218(PB).

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