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• 12/13/95 BIBLIOGRAPHY OF W. KIP VISCUSI • • BOOKS: 1. Damming the West, with Richard Berkman (New York: Grossman Publishers-Viking Press, 1973), in hardcover and paperback. 2. Welfare of the Elderly: An Economic Analysis and Policy Prescription (New York: Wiley-Interscience, 1979). 3. Employment Hazards: An Investigation of Market Performance, Harvard Economic Studies No. 148 (Cambridge: Harvard University Press, 1979). i Winner of the David Wells Prize for outstanding economics dissertation, Harvard University. 4. Risk by Choice: Regulating Health and Safety in the Workplace _ (Cambridge: Harvard University Press, 1983). • 5. Regulating Consumer Product Safety (Washington: American Enterprise Institute, 1984), in hardcover and paperback. 6. Learning about Risk: Consumer and Worker Responses to Hazard Information, principal author with Wesley A. Magat (Cambridge: Harvard University Press, 1987). • 7. Compensation Mechanisms for Job Risks: Wages, Workers' Compensation, and Product Liability, with Michael J. Moore (Princeton: Princeton University Press, 1990). Winner of Kulp Memorial Award, best book of 1992, American Risk and Insurance Association. i 8. Enterprise Responsibility for Personal Injury -- Reporters' Study, Vol. I: The Institutional Framework and Vol.II: Approaches to Legal and Institutional Change, Associate Reporter, with Paul Weiler, et al. (Philadelphia: American Law Institute, 1991). 9. Reforming Products Liability (Cambridge: Harvard University Press, • 1991). Winner of Kuip Memorial Award, best book of 1993, American Ri,sk and Insurance Association. 10. Economics of Regulation and Antitrust, with John Vernon and Joseph E. Harrington, Jr. (Lexington: D.C. Heath & Co, 1992). Second Edition (Cambridge: MIT Press, 1995).

2 • • 11. Informational Approaches to Regulation, Regulation of Economic Activity Series No. 19, with Wesley A. Magat (Cambridge: MIT Press, 1992). 12. Fatal Tradeoffs: Public and Private Responsibilities for Risk (New York: Oxford University Press, 1992). Winner of the Kulp Memorial Award, best book of 1994, American Risk and Insurance Association. 13. Smoking: Making the Risky Decision (New York: Oxford University Press, 1992). 14. Product-Risk Labeling: A Federal Responsibility (Washington: American Enterprise Institute, 1993). 15. The Mortality Costs of Regulatory Expenditures, editor (Boston: Kluwer Academic Publishers, 1994). FORTHCOMING BOOKS: 16. Environmentally Responsible Energy Pricing, principal author, in collaboration with R. Boyd, A; Carlin, M. Dreyfus, K, Krutilla, and W. Magat (Boston: Kluwer Academic Publishers).

• 3 ARTICLES: 1. "Budgetary Constraints and Benefit-Cost Criteria," Water Resources Research, Vol. 8, No. 5 (Oct. 1972), pp. 1338-1343. 2. "Insuring the Expropriation Risks of-Multinational Firms," with R. Michael Allen, Stanford Journal of International Studies, Vol. 11 (Spring 1976), pp. 153-168. • 3. "Environmental Policy Choice under Uncertainty," with Richard J. Zeckhauser, Journal of Environmental Economics and Management, Vol. 3, No. 2 (August 1976), pp. 97-112. 4. "The Role of Social Security in Income Maintenance," with Richard J. Zeckhauser, in M. Boskin, ed., The Crisis in Social Security: ~ Problems and Prospects (San Francisco: Institute for Contemporary Studies, 1977), pp. 41-64. 5. "A Note on 'Lemons' Markets with Quality Certification," Bell Journal of Economics, Vol. 9, No. 1(Spring 1978), pp. 277-279. • 6. "Labor Market Valuations of Life and Limb: Empirical Evidence and Policy Implications," Public Policy, Vol. 26, No. 3 (Summer 1978), pp. 359-386. Reprinted in E. Stromsdorfer and G. Farkas, eds., Evaluation Studies Review Annual, Vol. 5 (Beverly Hills: Sage Publications, 1980), pp. 547-574. ~ 7. "Wealth Effects and Earnings Premiums for Job Hazards," Review of • • Economics and Statistics, Vol. 60, No. 3 (Aug. 1978), pp. 408-416. 8. "Job Hazards and Worker Quit Rates: An Analysis of Adaptive Worker Behavior," International Economic Review, Vol. 20, No. 1 (Feb. 1979), pp. 29-58. 9. "The Impact of Occupational Safety and Health Regulation," Bell Journal of Economics, Vol. 10, No. 1(Spring 1979), pp. 117-140. 10. "Optimal Standards with Incomplete Enforcement," with Richard J. Zeckhauser, Public Policy, Vol. 26, No. 4 (Fall 1979), pp. 437-456. 11. "Insurance and Individual Incentives in Adaptive Contexts," Econometrica, Vol. 47, No. 6 (Sept. 1979), pp. 1195-1208. 12. "Unions, Labor Market Structure, and the Welfare Implications of the Quality of Work," Journal of Labor Research, Vol. 1, No. 1(Spring • 1980), pp. 175-192. Prize winner in Economics of Trade Unions Essay Contest, Virginia Polytechnic Institute and State University. *Reprints of articles can be ordered by number. This bibliography does not include reports to government agencies, authored reports by govern- ment ment agencies, university discussion papers, NBER Working Papers, Rand Corporation research reports, or unpublished papers at conferences.

! 4 13. "A Theory of Job Shopping: A Bayesian Perspective," Quarterly Journal of Economics, Vol. 94, No. 3 (May 1980), pp. 604-614. r 14. "Sex Differences in Worker Quitting," Review of Economics and Statistics,,Vol. 62, No. 3 (Aug. 1980), pp. 388-398. 15. "Self-Selection, Learning-Induced Quits, and the Optimal Wage Structure," International Economic Review, Vol. 21, No. 3 • (Oct. 1980), pp. 529-546. 16. "Imperfect Job Risk Information and Optimal Workmen's Compensation Benefits," Journal of Public Economics, Vol. 14, No. 3 (1980), pp. 319-337. ! 17. "National Health Insurance and Mandated Employee Benefits:-Discussion," in M. Pauly, ed., National Health Insurance (Washington: American Enterprise Institute, 1980), pp. 80-82. 18. "Bernoulli Two-Armed Bandits with Geometric Termination," with Donald Berry, Stochastic Processes and Their Applications, Vol. 11, • No. 1 (1981), pp. 35-45. 19. "Occupational Safety and Health Regulation: Its Impact and Policy Alternatives," in J. Crecine, ed., Research in Public Policy Analysis and Management: Proceedings of 1979 APPAM Conference, Vol. 2 (Greenwich: JAI Press, 1981), pp. 281-299. • 20. "An Assessment of Aid to the Elderly: Incentive Effects and the Elderly's Role in Society," in R. Fogel et. al., eds., Report of National Academy of Sciences Panel on Aging, Aging: Stability and Change in the Family, the National Research Council Study (New York: Academic Press, 1981), pp. 169-183. • 21. "Strategic Behavior and the Impact of Unions on Wage Incentive Plans," Journal of Labor Research, Vol. 3, No. 1 (Winter 1982), pp. 1-11. 22. "Informational Requirements for Effective Regulatory Review: An Analysis of the EPA Lead Standard," Policy Studies Review, Vol. 1, • No. 4 (May 1982), pp. 686-691. 23. "Setting Efficient Standards for Occupational Hazards," Journal of Occupational Medicine, Vol. 24, No. 12 (Dec. 1982), pp. 969-976. i 24. "Turnover and Unemployment: Discussion," in R. Freeman and D. Wise, eds., NBER Conference Volume, The Youth Employment Problem: Its Nature, Causes, and Consequences (Chicago: University of Chicago Press, 1982), pp. 271-275. ~ o ~ 25. "Health and Safety," Speech at AEI Public Policy Week, ~ Regulation (Jan.- Feb. 1982), pp. 34-36. ~ • ea W ~ ~ N

• 5 26. "Presidential Oversight: Controlling the Regulators," Journal of Policy Analysis and Management, Vol. 2, No. 2 (Winter 1983), • pp. 157-173. 27. "Employment Relationships with Joint Employer and Worker Experi- mentation," International Economic Review, Vol. 24, No. 2 - (June 1983), pp. 313-322. • 28. "The Political Economy of Wage and Price Regulation: The Case of the Carter Pay-Price Guidelines," in R. Zeckhauser and D. Leebaert, eds., What Role for the Government? (Durham: Duke University Press, 1983). pp. 155-174, 339-341. 29. "Frameworks for Analyzing the Effects of Risk and Environmental • Regulations on Productivity," American Economic Review, Vol. 73, No. 4 (Sept. 1983), pp. 793-801. 30. "Alternative Approaches to Valuing the Health Impacts of Accidents: Liability taw and Prospective Eval-uations," Law and Contemporary Problems, Vol. 46, No. 4 (Autumn 1983), pp. 49-68. • 31. "Economic Contests: Comparative Reward Schemes," with Mary O'Keefe and Richard J. Zeckhauser, Journal of Labor Economics, Vol. 2, No. 1 (1984), pp. 27-56. 32. "The Lulling Effect: The Impact of Child-Resistant Packaging on Aspirin • and Analgesic Ingestions," American Economic Review, Vol. 74, No. 2 (May 1984), pp. 324-327. 33. "The Influence of Legislative Mandates on the Oversight of Risk Regulation Agencies," in S. Hadden, ed., Risk Analysis, Institu- tions, and Public Policy (Port Washington: Associated Faculty Press, • 1984), pp. 117-132. 1 34. "Adaptive Responses to Chemical Labeling: Are Workers Bayesian Decision Makers?" with Charles O'Connor, American Economic Review, Vol. 74, No. 5 (Dec. 1984), pp. 942-956. • 35. "Structuring an Effective Occupational Disease Policy: Victim Compensa- tion and Risk Regulation," Yale Journal on Regulation, Vol. 2, No. 1 (Sept./Dec. 1984), pp. 53-81. • 36. "Phosphates and the Environmental Free Lunch," Regulation, Vol. 8, No. 5/6 (Sept./Dec. 1984), pp: 53-55. 37. "Regulating Uncertain Health Hazards When There Is Changing Risk Information," Journal of Health Economics, Vol. 3, No. 3 (December 1984), pp. 259-274. 38. "A Bayesian Perspective on Biases in Risk Perception," Economic Letters, • Vol. 17 (1985), pp. 59-62.

• • • • • • • 6 39. "Environmental Policy Choice with an Uncertain Chance of Irrever- sibility," Journal of Environmental Economics and Management, 40. Vol. 12, No. I(March 1985), pp. 28-43. "Cotton Dust Regulation: An OSHA Success Story?" Journal of Policy Analysis and Management, Vol. 4, No. 3 (Spring 1985), pp. 325-343. Reprinted in R. Rist, ed., Policy Studies Review Annual, Vol. 8 41. (New Brunswick: Transactions Books, 1987), pp. 720-739. "Are Individuals Bayesian Decision Makers?" American Economic Review, Vol. 75, No. 2 (May 1985), pp. 381-385. 42. "Market Incentives for Safety," Harvard Business Review, Vol. 63, No. 4 (July/Aug. 1985), pp. 133-138. Reprinted in Rethinking Business- Government Relations (Cambridge: Harvard Business School Press, 1986). 43. "The Structure of Uncertainty and the Use of Nontransferable Pensions . as a Mobility-Reduction Device," in David Wise, ed., NBER Conference Volume, Pensions, Labor, and Individual Choice (Chicago: University 44. of Chicago Press, 1985), pp. 223-248. "Consumer Behavior and the Safety Effects of Product Safety Regulation," Journal of Law & Economics, Vol. 28, No. 2 (Oct. 1985), pp. 527-554. 45. "The Valuation of Risks to Life and Health: Guidelines for Policy Analysis," in Proceedings of 1984 NSF Conference, J. Bentkover, V. Covello, and J. Mumpower, eds., Benefit Assessment: The State of Art (Dordrecht, Holland: Reidel Publishers, 1986), pp. 193-210. 46. "Reforming OSHA Regulation of Workplace Risks," in L. Weiss and M. Klass, eds., Regulatory Reform: What Actually Happened (Boston: 47. Little, Brown and Company, 1986), pp.'234-268. "Moral Hazard and Merit Rating over Time: An Analysis of Optimal Intertemporal Wage Structures," Southern Economic Journal, Vol. 52, No. 4 (April 1986), pp. 1068-1079. 48. "The Status of OSHA Reform: A Comment on Mendeloff's Proposals," Journal of Policy Analysis and Management, Vol. 5, No. 3 (Spring 1986), pp. 469-475. 49. "Market Incentives for Criminal Behavior," in R. Freeman and H. Holzer, eds., NBER Conference Volume, The Black Youth Employment Crisis 50. (Chicago: University of Chicago Press, 1986), pp. 301-346. "The Determinants of the Disposition of Product Liability Claims and ~ Compensation for Bodily Injury," Journal of Legal Studies, Vol. 15, ~ No. 2 (June 1986) pp. 321-346. ~~ , ~

• 7 51. "The Risks and Rewards of Criminal Activity: A Comprehensive Test of Criminal Deterrence," Journal of Labor Economics, Vol. 4, No. 3, • Part I (July 1986), pp. 317-340. 52. "Informational Regulation of Consumer Health Risks: An Empirical Evalu- ation of Hazard Warnings," with Wesley A. Magat and Joel Huber, Rand Journal of Economics, Vol. 17, No. 3 (Fall 1986), pp. 351-365. i 53. "The Structure and Enforcement of Job Safety Regulation," Law and Contemporary Problems, Vol. 47, No. 1 (Autumn 1986), pp. 601-624. 54. "The Impact of Occupational Safety and Health Regulation, 1973-1983," Rand Journal of Economics, Vol. 17, No. 4 (Winter 1986), pp. 567-580. • 55. "Uncertainty in Risk Analysis: A Retrospective Assessment of the OSHA Cotton Dust Standard," with Paul Kolp, in V. Kerry Smith, ed., Advances in_Applied Microeconomics, Vol. IV (Greenwich: JAI Press, 1986), pp. 105-130. • 56. "Workers' Compensation: Wage Effects, Benefit Inadequacies, and the Value of Health Losses," with Michael J. Moore, Review of Economics and Statistics, Vol. LXIX, No. 2 (May 1987), pp. 249-261. 57. "Regulatory Economics in the Courts: An Analysis of Judge Scalia's NHTSA Bumper Decision," Law and Contemporary Problems, Vol. 50, • No. 4 (Autumn 1987), pp. 17-32. 58. "An Investigation of the Rationality of Consumer Valuations of Multiple Health Risks," with Wesley A. Magat and Joel Huber, Rand Journal of Economics, Vol. 18, No. 4 (Winter 1987), pp. 465-479. • 59. "The Effect of Transportation Deregulation on Worker Safety," Transportation Deregulation and Safety: Northwestern Conference Proceedings (Evanston: Northwestern Transportation Center, 1987), pp. 141-177. Modified version reprinted in L. Moses and I. Savage, eds., Transportation Safety in the Age of Deregulation (Oxford: Oxford University Press, 1989), pp. 70-89. • 60. "Right to Know and Behavioral Responses to Hazard Warnings," with Wesley A. Magat, in Lester B. Lave, ed., Risk Assessment and Management (New York: Plenum Press, 1987), pp. 421-427. 61. "Altruistic and Private Valuations of Risk Reduction," with Wesley A. Magat and Anne Forrest, Journal of Policy Analysis and Management, • Vol. 7, No. 2 (1988), pp. 227-245. 62. "Product Liability Litigation with Risk Aversion," Journal of Legal Studies, Vol. 17, No. 1 (Jan. 1988), pp. 101-121. 63. "Product Liability and Regulation: Establishing the Appropriate • Institutional Division of Labor," American Economic Review, Vol. 77, No. 2 (May 1988), pp. 300-304.

0 8 64. "Doubling the Estimated Value of Life: Results Using New Occu- pational Fatality Data," with Michael J. Moore, Journal of Policy ~ Analysis and Management, Vol. 7, No. 3 (Spring 1988), pp. 476-490. 65. "Predicting the Effect of Food Cancer Risk Warnings on Consumers," Food Drug Cosmetic Law Journal, Vol. 43, No. 2 (Mar. 1988), pp. 283-307. 66. "Liability for Occupational Accidents and Illnesses," in R. Litan and C. Winston, eds., Liability: Perspectives and Policy (Washington: Brookings Institution, 1988), pp. 155-183. 67. "The Use of Surveys to Analyze Behavior toward Risk: Editor's Introduction," Journal of Risk and Uncertainty, Vol. 1, No. 2 (June 1988), pp. 139-145. 68. "Consumer Processing of Hazard Warning Information," with Wesley A. Magat and Joel Huber, Journal of Risk and Uncertainty, Vol. 1, No. 2 (June 1988), pp. 201-232. 69. "Irreversible Environmental Investments with Uncertain Benefit Levels," Journal of Environmental Economics and Management, Vol. 15, No. 2 (June 1988), pp. 147-157. 70. "The Quantity-Adjusted Value of Life," with Michael J. Moore, Economic Inquiry, Vol. 26, No. 3 (July 1988), pp. 369-388. Best Article of the Year Award for 1988, Western Economic Association. 71. "Compensating Workplace Toxic Torts," New Directions in Liability Law, Proceedings of the Academy of Political Science, Vol. 37, No. 1 (January 1988), pp. 126-138. 72. "Pain and Suffering in Product Liability Cases: Systematic Compensation or Capricious Awards?" International Review of Law and Economics, Vol. 8, No. 2 (December 1988), pp. 203-220. 73. "Paired Comparison and Contingent Valuation Approaches to Morbidity Risk Valuation," with Wesley Magat and Joel Huber, Journal of Environmental Economics and Management, Vol. 15, No. 4 (December 1988), pp. 395-411. 74. "Toward a Diminished Role of Tort Liability: Social Insurance, Government Regulation, and Contemporary Risks to Health and Safety," Yale Journal on Regulation, Vol. 6, No. 1(Winter 1989), pp. 65-107. 75. "The Interaction between Product Liability and Workers' Compensation as Ex Post Remedies for Workplace Injuries," Journal of Law, Econom- ics, and Organization, Vol. 5, No. 1(Spring 1989), pp. 185-210. 76. "Price and Availability Tradeoffs of Automobile Insurance Regulation," with Henry Grabowski and William Evans, Journal of Risk and Insurance, Vol. LXI, No. 2 (June 1989), pp. 275-299.

• 9 77. "The Political Economy of Risk Communication Policies for Food and Alcoholic Beverages," in J. Shogren, ed., Perspectives on Govern- 40 ment Regulation (Boston: Kluwer Academic Publishers, 1989), pp. 83-129. • 78. "Rates of Time Preference and Valuations of the Duration of Life," with Michael J. Moore, Journal of Public Economics, Vol. 38 No. 3 (April 1989), pp. 297-317. 79. "Prospective Reference Theory: Toward an Explanation of the Paradoxes," Journal of Risk and Uncertainty, Vol. 2, No. 3 (Sept. 1989), pp. 235-264. Reprinted in J. Hey, ed., The Economics of Uncertainty (London: Edward Elgar, 1995). 0 80. "Safety through Markets," Society/Transaction, Social Science and • Modern, Vol. 27, No. 1(Nov./Dec. 1989), pp. 9-10. 81. "Promoting Safety through Workers' Compensation: The Efficacy and Net Wage Costs of Injury Insurance," with Michael J. Moore, Rand Journal of Economics, Vol. 20, No. 4 (Winter 1989), pp. 499-515. 82. "Have Increases in Workers' Compensation Benefits Paid for Themselves?" with Michael J. Moore, in D. Appel and P. Borba, eds., Benefits, Costs, and Cycles in Workers' Compensation Insurance (Boston: Kluwer Academic Publishers, 1990), pp. 1-22. r 83. "Cigarette Smoking, Seatbelt Use, and Differences in Wage-Risk Trade-Offs," with Joni Hersch, Journal of Human Resources, Vol. 25, No. 2 (Spring 1990), pp. 202-227. 84. "Discounting Environmental Health Risks: New Evidence and Policy ~ Implications," with Michael J. Moore, Journal of Environmental Economics and Management, Vol. 18, No: 2, Part 2 (March 1990), pp. S51-S62. 85. "Sources of Inconsistency in Societal Responses to Health Risks," American Economic Review, Vol. 80, No. 2 (May 1990), ~ pp. 257-261. 86. "Risk Within Reason," with Richard J. Zeckhauser, Science, Vol. 248, No. 4955 (May 1990), pp. 559-564. Revised version reprinted in Julian L. Simon, ed., The State of Humanity (Oxford: Basil Blackwell, 1995), pp. 628-636. ~ 87. "Utility Functions that Depend on Health Status: Estimates and Economic Implications," with William Evans, American Economic Review, Vol. 80, No. 3 (June 1990), pp. 353-374. 88. "The Performance of Liability Insurance in States with Different ~ Products Liability Statutes," Journal of Legal Studies, Vol. XIX, No. 2, Part 2 (June 1990), pp. 809-836.

0 10 • 89. "Wading through the Muddle of Risk-Utility Analysis," American University Law Review, Vol. 39, No. 3 (Spring 1990), pp. 573-614. 90. "The Market Response to Product Safety Litigation," with Joni Hersch, Journal of Regulatory Economics, Vol. 2, No. 3 (September 1990), pp. 213-230. 91. "Social Insurance for Work and Product Injuries," Inaugural Lecture, • Geneva Risk Economics Lectures, Geneva Papers on Risk and Insurance Theory, Vol. 15, No. 2 (Sept. 1990), pp. 115-139. 92. "The Value of Life: Has Voodoo Economics Come to the Courts?" Journal of Forensic Economics, Vol. III, No. 3 (1990), pp. 1-16. Reprinted in John 0. Ward, ed., A Hedonic Primer for Economists and Attorneys • (Tucson: Lawyers and Judges Publishing Co., 1992), pp. 21-38. • 93. "The Econometric Basis for Estimates of the Value of Life," Journal of Forensic Economics, Vol. III, No. 3 (1990), pp. 61-70. Reprinted in John 0. Ward, ed., A Hedonic Primer for Economists and Attorneys (Tucson: Lawyers and Judges Publishing Co., 1992), pp. 39-50. 94. "Do Smokers Underestimate Risks?" Journal of Political Economy, Vol. 98, No. 6 (December 1990), pp. 1253-1269. 95. "Effectiveness of EPA's Regulatory Enforcement: The Case of Industrial Effluent Standards," with Wesley Magat, Journal of • Law and Economics, Vol. 33, No. 2 (Oct. 1990), pp. 331-360. 96. "Long-Term Environmental Risks," Journal of Risk and Uncertainty, Vol. 3, No. 4 (Dec. 1990), pp. 311-314. 97. "Models for Estimating Discount Rates for Long-Term Health Risks ~ Using Labor Market Data," with Michael~J. Moore, Journal of Risk and Uncertainty, Vol. 3, No. 4 (Dec. 1990), pp. 381-401. 98. "The Dimensions of the Product Liability Crisis," Journal of Legal Studies, Vol. 20, No. 1 (Jan. 1991), pp. 147-178. • 99. "Rationalizing the Relationship between Product Liability and Innovation," with Michael J. Moore, in P. Schuck, ed., American Bar Association - American Assembly Volume, Tort Law and the Public Interest: Competition, Innovation, and Consumer Welfare (New York: Norton, 1991), pp. 105-126. • 100. "Estimation of State-Dependent Utility Functions Using Survey Data," with William Evans, Review of Economics and Statistics, Vol. LXXIII, No. 1 (Feb. 1991), pp. 94-104. 101. "Lessons from Workers' Compensation for Tort Liability Reform," Third Annual John R. Commons Lecture (Madison: University • of Wisconsin Press, 1991).