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  • Fatal Tradeoffsby W. Kip Viscusi

    Oxford University Press 1992; US$ 82.99

    Ideally, it would be desirable if we could all adopt a high-minded commitment to a risk-free existence. Unfortunately, such an objective is beyond our reach--politicians who advocate higher taxes rarely get elected and economists who indicate that our resources are limited are often portrayed as purveyors of pessimism. Fatal Tradeoffs culminates... more...

  • Smoke-Filled Roomsby W. Kip Viscusi

    University of Chicago Press 2010; US$ 27.50

    The 1998 out-of-court settlements of litigation by the states against the cigarette industry totaled $243 billion, making it the largest payoff ever in our civil justice system. Two key questions drove the lawsuits and the attendant settlement: Do smokers understand the risks of smoking? And does smoking impose net financial costs on the states? ... more...

  • Handbook of the Economics of Risk and Uncertaintyby Mark Machina; W. Kip Viscusi

    Elsevier Science 2013; US$ 149.95

    The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker... more...

  • Compensation Mechanisms for Job Risksby Michael J. Moore; W. Kip Viscusi

    Princeton University Press 2014; US$ 30.95

    In this major new work, Michael J. Moore and W. Kip Viscusi explore the question, "How are workers compensated for exposing themselves to the risk of physical injury while on the job?" The authors detail the diverse nature of labor market responses to job risks and the important role played by compensation-for-risk mechanisms. Following an overview... more...

  • Product Liability Entering the Twenty-First Centuryby Michael J. Moore; W. Kip Viscusi

    Brookings Institution Press 2004; US$ 9.99

    A Brookings Institution Press and American Enterprise Institute publication Are liability "crises" an inevitable part of the modern industrial landscape? Does the inherent nature of the insurance industry promote recurring liability crises? What have been the effects of the liability reforms of the 1990s? Should lawyers be given de facto regulatory... more...

  • Punitive Damagesby Cass R. Sunstein; Reid Hastie; John W. Payne; David A. Schkade; W. Kip Viscusi

    University of Chicago Press 2008; US$ 34.00

    Over the past two decades, the United States has seen a dramatic increase in the number and magnitude of punitive damages verdicts rendered by juries in civil trials. Probably the most extraordinary example is the July 2000 award of $144.8 billion in the Florida class action lawsuit brought against cigarette manufacturers. Or consider two recent verdicts... more...

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