作者：Pratt, JW; Zeckhauser, RJ
摘要：Willingness to pay (WTP), most economists believe, is an appropriate benefits metric for government expenditure and regulatory policies that reduce risks to human life. It depends, however, on the distribution of risk and wealth. Currently, society's expenditures overemphasize concentrated risks, say after-the-fact treatment as opposed to prevention. A ''dead-anyway'' effect complements excess attention to intense interests in explaining this. Our normative criterion for spending on risk reduc...
