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dc.contributor.authorAbrahamsen, Eirik Bjorheim
dc.contributor.authorAsche, Frank
dc.date.accessioned2014-05-20T10:57:04Z
dc.date.available2014-05-20T10:57:04Z
dc.date.issued2011-03
dc.identifier.citationAbrahamsen, Eirik B., Asche, F. (2011) On how access to an insurance market affects investments in safety measures, based on the expected utility theory. Reliability Engineering & System Safety, 96(3), pp. 361-364nb_NO
dc.identifier.urihttp://hdl.handle.net/11250/195241
dc.description(c) 2010 Elsevier Ltd. All rights reserved. The author accepted manuscrip is posted here with permission. See http://dx.doi.org/10.1016/j.ress.2010.10.004 and www.sciencedirect.com/science/journal/09518320.nb_NO
dc.description.abstractThis paper focuses on how access to an insurance market should influence investments in safety measures in accordance with the ruling paradigm for decision-making under uncertainty—the expected utility theory. We show that access to an insurance market in most situations will influence investments in safety measures. For an expected utility maximizer, an overinvestment in safety measures is likely if access to an insurance market is ignored, while an underinvestment in safety measures is likely if insurance is purchased without paying attention to the possibility for reducing the probability and/or consequences of an accidental event by safety measures.nb_NO
dc.language.isoengnb_NO
dc.publisherElseviernb_NO
dc.subjectVDP::Matematikk og Naturvitenskap: 400nb_NO
dc.subjectVDP::Samfunnsvitenskap: 200::Økonomi: 210nb_NO
dc.subjectforsikringnb_NO
dc.titleOn how access to an insurance market affects investments in safety measures, based on the expected utility theorynb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.source.pagenumber361-364nb_NO
dc.source.volume96nb_NO
dc.source.journalReliability Engineering & System Safety,nb_NO
dc.source.issue3nb_NO
dc.identifier.doi10.1016/j.ress.2010.10.004


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