Professor Sigman has selected the most authoritative previously published papers for this pathbreaking collection. This timely book examines private decision-making and government policy for the management of hazardous waste, the clean-up of contaminated land and the redevelopment of brownfield sites. Issues explored include the success of economic incentive policies such as 'green taxes' and tort liability, environmental decentralization and attitudes toward risk by both regulators and households. The additional focus on empirical analysis will help economists understand this challenging public policy area and will make economic insights accessible to policymakers.
Introduction by Hilary Sigman
Pt. I Active Hazardous Waste Management
1 Economic Incentives in the Management of Hazardous Wastes by Clifford S. Russell 5
2 The Determinants of Hazardous Waste Disposal Choice: An Empirical Analysis of Halogenated Solvent Waste Shipments by Anna Alberini and John Bartholomew 23
3 Midnight Dumping: Public Policies and Illegal Disposal of Used Oil by Hilary Sigman 35
4 Rational or Confused Polluters? Evidence from Hazardous Waste Compliance by Sarah L. Stafford 57
5 NIMBY Taxes Matter: The Case of State Hazardous Waste Disposal Taxes by Arik Levinson 91
6 Politics and Social Costs: Estimating the Impact of Collective Action on Hazardous Waste Facilities by James T. Hamilton 112
7 A Sealed-Bid Auction Mechanism for Siting Noxious Facilities by Howard Kunreuther and Paul R. Kleindorfer 137
8 Siting Noxious Facilities: Are Markets Efficient? by Daniel E. Ingberman 142
9 The Old Lady Visits Your Backyard: A Tale of Morals and Markets by Bruno S. Frey and Felix Oberholzer-Gee and Reiner Eichenberger 156
10 International Trade in Waste Products in the Presence of Illegal Disposal by Brian R. Copeland 173
Pt. II Cleanup of Contaminated Sites
11 The Market Value of Reducing Cancer Risk: Hedonic Housing Prices with Changing Information by Ted Gayer and James T. Hamilton and W. Kip Viscusi 197
12 Estimating the Economic Benefits of Cleaning Up Superfund Sites: The Case of Woburn, Massachusetts by Katherine Kiel and Jeffrey Zabel 221
13 Can Stigma Explain Large Property Value Losses? The Psychology and Economics of Superfund by Kent D. Messer and William D. Schulze and Katherine F. Hackett and Trudy A. Cameron and Gary H. McClelland 243
14 Paying for Permanence: An Economic Analysis of EPA's Cleanup Decisions at Superfund Sites by Shreekant Gupta and George Van Houtven and Maureen Cropper 269
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