Inderscience Publishers

Production, safety, fighting, and risk

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Courtesy of Inderscience Publishers

Two agents make a trade–off between production and safety investment, fighting for joint production. Ceteris paribus, if agent 1 has a higher unit cost of production, lower emphasis on safety causes more fighting and higher utility for agent 1, and less production and safety effort by agent 1.

Keywords: production, safety investment, fighting, risk, economics, productive investment

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