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  • 1
    Electronic Resource
    Electronic Resource
    Springer
    Journal of risk and uncertainty 4 (1991), S. 213-219 
    ISSN: 1573-0476
    Keywords: altruism ; safety ; willingness-to-pay
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This article considers the manner in which people's altruistic concern for other people's safety should be incorporated in willingness-to-pay based values of statistical life and safety. It is shown that, within a utilitarian framework, the traditional prescription that such values should take full account of people's willingness to pay for others' safety is validif andonly if altruism is exclusivelysafety-focused, in the sense that whilei is concerned forj's safety, he is quite indifferent to other determinants ofj's utility.
    Type of Medium: Electronic Resource
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  • 2
    ISSN: 1573-0476
    Keywords: safety ; contingent valuation ; imprecise preferences ; reference points
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This article reports the results of a study designed to elicit willingness to pay (WTP) and willingness to accept (WTA) values for changes in the risk of nonfatal road injuries. We examine the possibility that individuals' preferences over combinations of wealth, risk, and safety are imprecise, and that this imprecision might result in the observed disparity between WTP and WTA measures of value. The results confirm that individuals' preferences for safety are significantly imprecise, but that this alone is insufficient to explain more than part of the disparity. Indeed, respondents' estimates of the minimum that they would be prepared to accept for a risk increase frequently exceed the maximum that they would be prepared to pay for an equivalent risk reduction.
    Type of Medium: Electronic Resource
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  • 3
    ISSN: 1573-0476
    Keywords: value of life ; willingness to pay ; safety ; public transport ; large-scale accidents ; J17
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract How can willingness-to-pay-based values of safety for public transport modes, such as London's Underground railway system, be expected to relate to the corresponding value for road safety? This article reports results which suggest that such values should be set at a substantial premium in relation to their roads counterpart. However, this premium appears to derive entirely from considerations of control, voluntariness, and responsibility, and, contrary to popular wisdom, apparently owesnothing whatsoever to the possibility of large-scale “catastrophic” accidents on modes such as the Underground.
    Type of Medium: Electronic Resource
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  • 4
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Bulletin of economic research 26 (1974), S. 0 
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
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  • 5
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    ISSN: 1468-5957
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The finance literature abounds with theoretical and empirical developments of the original Sharpe/Lintner models of equilibrium in capital asset markets. Almost all of these contributions are premised upon the existence of equilibrium in such models and yet there is apparently no formal existence proof in the literature. The purpose of this paper is to establish such a proof.La littérature de la finance abonde de développements théoriques et empiriques des premiers modèles de Sharpe/Lintner concernant l'équilibre dans les marchés des valeurs. Dans de tels modèles, la plupart de ces interventions sont basées sur l'existence d'un équilibre et pourtant il n'existe apparemment pas de preuve formelle de l'existence d'un tel équilibre dans la littérature. Le but de ce papier est donc d'en établir une telle preuve.Das Schrifttum der Finanzwirtschaftslehre wimmelt von theoretischen und empirischen Entwicklungen der ursprünglichen Sharpe/Lintner-Gleichgewichtsmodelle in ‘Capital Asset’ MÄrkten. Fast alle dieser Beiträge schicken das Bestehen eines Gleichgewichtes in solchen Modellen voraus obwohl anscheinend kein formeller Bestehensbeweis dafur in der Literatur zu finden ist. Der Zweck dieses Beitrages ist die Feststellung eines solchen Beweises.
    Type of Medium: Electronic Resource
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