The Economics of Risk

Title

The Economics of Risk

Year

2003

DOI

10.17848/9781417505937

Abstract

This collection offers an economics-based overview of the various facets of risk. It contains six papers that examine a broad array of research relating to risk. Two papers examine risk management and its application to decision making as well as what researchers have learned over the past few decades in their theoretical investigations of risk. The remaining chapters examine how risk plays out in the particular markets in which it has a significant presence, including casino gambling enterprises, agricultural markets, auctions, and health insurance.

Files

Download Introduction (70 KB)

Contents

Introduction / Donald J. Meyer

  1. Risk and Risk Management / Keith J. Crocker
  2. States of the World and the State of Decision Theory / Mark J. Machina
  3. Gambling with the Future / William R. Eadington
  4. Common Value Auctions and the Winner's Curse / John H. Kagel
  5. Sharing Very High Risks / Katherine Swartz
  6. Risk and Agriculture / Rulon D. Pope

ISBN

9780880992671 (pbk.) ; 9780880992688 (cloth) ; 9781417505937 (ebook)

Subject Areas

LABOR MARKET ISSUES

The Economics of Risk

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Citation

Meyer, Donald J., ed. 2003. The Economics of Risk. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research. https://doi.org/10.17848/9781417505937