The Avian Flu Disease: A Case of Precautionary Failure

The Precautionary Principle has been proposed as the proper behaviour to adopt in the face of the new catastrophic risks that have made their appearance in the last decades. We advance a workable definition of the Precautionary Principle and apply it to the possible outbreak among humans of the avian flu disease. We make use of a Principle-Agent model and show in which sense such outbreak can be considered a “Precautionary failure”.

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Year of publication:	2005-07
Authors:	Basili, Marcello ; Franzini, Mauriziop
Institutions:	Dipartimento di Economia Politica e Statistics, Facoltà di Economia "Richard M. Goodwin"
Subject:	ambiguity \| avian flu \| precautionary principle \| multiple priors

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Extent:	application/pdf
Series:	Department of Economics University of Siena.
Type of publication:	Book / Working Paper
Language:	English
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; I18 - Government Policy; Regulation; Public Health ; K32 - Environmental, Health, and Safety Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005824316