Production, safety, exchange, and risk
Original version
Hausken, K. (2011) ‘Production, safety, exchange, and risk’, International Journal of Business Continuity and Risk Management, Vol. 2, No. 4, pp. 346-35029 10.1504/IJBCRM.2011.044408Abstract
Two agents convert resources into safety investment and production
while exchanging goods voluntarily. Safety investment ensures reduction of
costly risk. High unit cost of safety effort reduces both productive effort and
safety effort, which reduces income.
Description
The article was originally published as : Hausken, K. (2011)
‘Production, safety, exchange, and risk’, Int. J. Business Continuity and Risk
Management, Vol. 2, No. 4, pp. 346-350. Made available here with permission from Inderscience.