Nuclear Power: Risk, Liability, and Indemnity

How Much Internalization of Nuclear Risk Through Liability Insurance?

An important source of conflict surrounding nuclear energy is that with a very small probability, a large-scale nuclear accident may occur. One way to internalize the financial risks associated with such an accident is through mandatory liability insurance. This paper presents estimates of the willingness to pay for increased financial security provided by an extension of coverage, based on the...

The Other Side of Nuclear Liability

Enterprise liability, risk pooling and diagnostic care

RUNNING HEAD: Television, knowledge, and nuclear power TELEVISION, KNOWLEDGE, AND NUCLEAR POWER: EXAMINING THE CULTIVATION EFFECT OF GENRE-SPECIFIC TELEVISION VIEWING ON RISK PERCEPTION OF NUCLEAR POWER

Using national survey data, this study examines how attention to five forms of genrespecific television programming influences people’s risk perception of nuclear power. We find that people who pay closer attention to science-themed crime drama and science documentaries are more likely to perceive nuclear power as potentially polluting and harmful to human health. Overall perceived risk associa...

Limited Liability and the Risk- Incentive Relationship

Several empirical findings have challenged the traditional view on the trade-off between risk and incentives. By combining risk aversion and limited liability in a standard principal-agent model the empirical puzzle on the positive relationship between risk and incentives can be explained. Increasing risk leads to a less informative performance signal. Under limited liability, the principal may...