| dc.contributor.author | Johansson-Stenman, Olof | swe |
| dc.date.accessioned | 2006-01-25 | swe |
| dc.date.accessioned | 2007-02-09T11:14:53Z | |
| dc.date.available | 2007-02-09T11:14:53Z | |
| dc.date.issued | 2006 | swe |
| dc.identifier.issn | 1403-2465 | swe |
| dc.identifier.uri | http://hdl.handle.net/2077/2727 | |
| dc.description.abstract | Empirical evidence suggests that people’s risk-perceptions are often systematically biased. This paper develops a simple framework to analyse public policy when this is the case. Expected utility (well-being) is shown to depend on both objective and subjective risks. The latter are important because of the mental suffering associated with the risk and as a basis for corrective taxation and second-best adjustments. Optimality rules for public provision of riskreducing investments, “internality-correcting” taxation and provision of (costly information to reduce people’s risk-perception bias are presented. | swe |
| dc.format.extent | 37 pages | swe |
| dc.format.extent | 172025 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.language.iso | en | swe |
| dc.relation.ispartofseries | Working Papers in Economics, nr 194 | swe |
| dc.subject | Subjective risk | swe |
| dc.subject | risk management | swe |
| dc.subject | risk regulation | swe |
| dc.subject | risk perception bias | swe |
| dc.subject | terrorism | swe |
| dc.subject | fat taxes | swe |
| dc.subject | internalities | swe |
| dc.subject | cost-benefit analysis | swe |
| dc.subject | corrective taxation | swe |
| dc.subject | paternalism | swe |
| dc.title | Mad Cows, Terrorism and Junk Food: Should Public Policy Reflect Subjective or Objective Risks? | swe |
| dc.type.svep | Report | swe |
| dc.contributor.department | Department of Economics | swe |
| dc.gup.origin | Göteborg University. School of Business, Economics and Law | swe |
| dc.gup.epcid | 4684 | swe |
| dc.subject.svep | Economics | swe |
