Authors
David S Brookshire, Mark A Thayer, John Tschirhart, William D Schulze
Publication date
1985/4/1
Journal
Journal of political economy
Volume
93
Issue
2
Pages
369-389
Publisher
The University of Chicago Press
Description
The purposes of this paper are twofold. The first is to demonstrate that the expected utility hypothesis is a reasonable description of behavior for consumers who face a low-probability, high-loss natural hazard event, given that they have adequate information. The second is to demonstrate that in California information on earthquake hazards was generated by a 1974 state law that created a market for safe housing that previously did not exist.
Total citations
Scholar articles
DS Brookshire, MA Thayer, J Tschirhart, WD Schulze - Journal of political economy, 1985
DS Brookshire, MA Thayer, J Tschirhart, WD Schulze - … LIBRARY OF CRITICAL WRITINGS IN ECONOMICS, 2004