Read Pricing Lives: Guideposts for a Safer Society

Pricing Lives: Guideposts for a Safer Society

W Kip Viscusi

4.9/5 (26051 ratings)

Description:How society's undervaluing of life puts all of us at risk--and the groundbreaking economic measure that can fix itLike it or not, sometimes we need to put a monetary value on people's lives. In the past, government agencies used the financial "cost of death" to monetize the mortality risks of regulatory policies, but this method vastly undervalued life. Pricing Lives tells the story of how the government came to adopt an altogether different approach--the value of a statistical life, or VSL--and persuasively shows how its more widespread use could create a safer and more equitable society for everyone.In the 1980s, W. Kip Viscusi used the method to demonstrate that the benefits of requiring businesses to label hazardous chemicals immensely outweighed the costs. VSL is the risk-reward trade-off that people make about their health when considering risky job choices. With it, Viscusi calculated how much more money workers would demand to take on hazardous jobs, boosting calculated benefits by an order of magnitude. His current estimate of the value of a statistical life is $10 million. In this book, Viscusi provides a comprehensive look at all aspects of economic and policy efforts to price lives, including controversial topics such as whether older people's lives are worth less and richer people's lives are worth more. He explains why corporations need to abandon the misguided cost-of-death approach, how the courts can profit from increased application of VSL in assessing liability and setting damages, and how other countries consistently undervalue risks to life.Pricing Lives proposes sensible economic guideposts to foster more protective policies and greater levels of safety in the United States and throughout the world.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Pricing Lives: Guideposts for a Safer Society. To get started finding Pricing Lives: Guideposts for a Safer Society, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: —

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: —

ISBN: 0691179212

Description: How society's undervaluing of life puts all of us at risk--and the groundbreaking economic measure that can fix itLike it or not, sometimes we need to put a monetary value on people's lives. In the past, government agencies used the financial "cost of death" to monetize the mortality risks of regulatory policies, but this method vastly undervalued life. Pricing Lives tells the story of how the government came to adopt an altogether different approach--the value of a statistical life, or VSL--and persuasively shows how its more widespread use could create a safer and more equitable society for everyone.In the 1980s, W. Kip Viscusi used the method to demonstrate that the benefits of requiring businesses to label hazardous chemicals immensely outweighed the costs. VSL is the risk-reward trade-off that people make about their health when considering risky job choices. With it, Viscusi calculated how much more money workers would demand to take on hazardous jobs, boosting calculated benefits by an order of magnitude. His current estimate of the value of a statistical life is $10 million. In this book, Viscusi provides a comprehensive look at all aspects of economic and policy efforts to price lives, including controversial topics such as whether older people's lives are worth less and richer people's lives are worth more. He explains why corporations need to abandon the misguided cost-of-death approach, how the courts can profit from increased application of VSL in assessing liability and setting damages, and how other countries consistently undervalue risks to life.Pricing Lives proposes sensible economic guideposts to foster more protective policies and greater levels of safety in the United States and throughout the world.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Pricing Lives: Guideposts for a Safer Society. To get started finding Pricing Lives: Guideposts for a Safer Society, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Pricing Lives: Guideposts for a Safer Society

Pricing Lives: Guideposts for a Safer Society

More Books

The Risks of Terrorism (Paperback)--by W. Kip Viscusi [2010 Edition] ISBN: 9781441954282

The Risks of Terrorism (Paperback)--by W. Kip Viscusi [2010 Edition] ISBN: 9781441954282

Rational Risk Policy: The 1996 Arne Ryde Memorial Lectures (Ryde Lectures)

Rational Risk Policy: The 1996 Arne Ryde Memorial Lectures (Ryde Lectures)

Smoking: Making the Risky Decision

Smoking: Making the Risky Decision

The Risks of Terrorism (Hardcover)--by W. Kip Viscusi [2003 Edition] ISBN: 9781402077340

The Risks of Terrorism (Hardcover)--by W. Kip Viscusi [2003 Edition] ISBN: 9781402077340

Fatal Tradeoffs: Public and Private Responsibilities for Risk

Fatal Tradeoffs: Public and Private Responsibilities for Risk

Economics of Regulation and Antitrust, 4th Edition

Economics of Regulation and Antitrust, 4th Edition

The costs and benefits of letting juries punish corporations: comment on Viscusi.(response to article by W. Kip Viscusi in this issue, p. 547): An article from: Stanford Law Review

The costs and benefits of letting juries punish corporations: comment on Viscusi.(response to article by W. Kip Viscusi in this issue, p. 547): An article from: Stanford Law Review

[Economics of Regulation and Antitrust, 4th Edition (The MIT Press)] [By: W. Kip Viscusi] [August, 2005]

[Economics of Regulation and Antitrust, 4th Edition (The MIT Press)] [By: W. Kip Viscusi] [August, 2005]

Economics of Regulation and Antitrust, fifth edition

Economics of Regulation and Antitrust, fifth edition