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- W2033976449 abstract "Bayesian workers produce ‘chemicals’ hazardously in one sector of a two-sector economy having one safe sector. Adopting an expected ex post welfare perspective, we show workers' misperceptions of hazards entail a classic externality. We characterise chemicals' competitive, monopoly and socially efficient outputs, assuming workers receive identical wage-accident compensation contracts under each, the value of information which induces workers to place greater stress on firms' safety records or sharpens their priors, and extend the standard monopoly welfare loss index for sufficient conditions for monopoly to be preferred to competition in chemicals and for size-ranking monopoly and efficient chemical outputs." @default.
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- W2033976449 date "1995-01-01" @default.
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- W2033976449 title "Misperceived job hazards and welfare" @default.
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- W2033976449 doi "https://doi.org/10.1016/0047-2727(93)01414-6" @default.
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