The Economics of Hazardous Waste and Contaminated Land

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The Economics of Hazardous Waste and Contaminated Land

9781847202352 Edward Elgar Publishing
Edited by Hilary Sigman, Associate Professor of Economics, Rutgers, The State University of New Jersey, New Brunswick, US
Publication Date: 2008 ISBN: 978 1 84720 235 2 Extent: 520 pp
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.

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Critical Acclaim
Contributors
Contents
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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.
Critical Acclaim
‘Hilary Sigman’s collection, including her splendid introductory essay, provides a comprehensive and nicely organised treatment of the economics of managing hazardous wastes. The economic perspective offers deep insights into the issues of setting priorities and the design of effective and equitable policies. It’s all here.’
– Wallace E. Oates, University of Maryland, US
Contributors
23 articles, dating from 1986 to 2006
Contributors include: A. Alberini, B.S. Frey, J.T. Hamilton, H. Kunreuther, A. Levinson, G.C. Rausser, K. Segerson, W.K. Viscusi
Contents
Contents:

Acknowledgements

Introduction Hilary Sigman

PART I ACTIVE HAZARDOUS WASTE MANAGEMENT
A Waste Management Choices
1. Clifford S. Russell (1988), ‘Economic Incentives in the Management of Hazardous Wastes’
2. Anna Alberini and John Bartholomew (1999), ‘The Determinants of Hazardous Waste Disposal Choice: An Empirical Analysis of Halogenated Solvent Waste Shipments’
3. Hilary Sigman (1998), ‘Midnight Dumping: Public Policies and Illegal Disposal of Used Oil’
4. Sarah L. Stafford (2006), ’Rational or Confused Polluters? Evidence from Hazardous Waste Compliance’

B Geography of Waste Management
5. Arik Levinson (1999), ‘NIMBY Taxes Matter: The Case of State Hazardous Waste Disposal Taxes’
6. James T. Hamilton (1993), ‘Politics and Social Costs: Estimating the Impact of Collective Action on Hazardous Waste Facilities’
7. Howard Kunreuther and Paul R. Kleindorfer (1986), ‘A Sealed-Bid Auction Mechanism for Siting Noxious Facilities’
8. Daniel E. Ingberman (1995), ‘Siting Noxious Facilities: Are Markets Efficient?’
9. Bruno S. Frey, Felix Oberholzer-Gee and Reiner Eichenberger (1996), ‘The Old Lady Visits Your Backyard: A Tale of Morals and Markets’
10. Brian R. Copeland (1991), ‘International Trade in Waste Products in the Presence of Illegal Disposal’

PART II CLEANUP OF CONTAMINATED SITES
A How Clean is Clean?
11. Ted Gayer, James T. Hamilton and W. Kip Viscusi (2002), ‘The Market Value of Reducing Cancer Risk: Hedonic Housing Prices with Changing Information’
12. Katherine Kiel and Jeffrey Zabel (2001), ‘Estimating the Economic Benefits of Cleaning Up Superfund Sites: The Case of Woburn, Massachusetts’
13. Kent D. Messer, William D. Schulze, Katherine F. Hackett, Trudy A. Cameron and Gary H. McClelland (2006), ‘Can Stigma Explain Large Property Value Losses? The Psychology and Economics of Superfund’
14. Shreekant Gupta, George Van Houtven, and Maureen Cropper (1996), ‘Paying for Permanence: An Economic Analysis of EPA''s Cleanup Decisions at Superfund Sites’
15. W. Kip Viscusi and James T. Hamilton (1999), ‘Are Risk Regulators Rational? Evidence from Hazardous Waste Cleanup Decisions’

B Paying for Cleanup
16. Lloyd S. Dixon (1995), ‘The Transaction Costs Generated by Superfund’s Liability Approach’
17. Gordon C. Rausser, Leo K. Simon and Jinhua Zhao (1998), ‘Information Asymmetries, Uncertainties and Cleanup Delays at Superfund Sites’
18. Lewis A. Kornhauser and Richard L. Revesz (1995), ‘Evaluating the Effects of Alternative Superfund Liability Rules’
19. Anna Alberini and David Austin (2002), ‘Accidents Waiting to Happen: Liability Policy and Toxic Pollution Releases’

C Brownfields
20. James Boyd, Winston Harrington and Molly K. Macauley (1996), ‘The Effects of Environmental Liability on Industrial Real Estate Development’
21. Kathleen Segerson (1993), ‘Liability Transfers: An Economic Assessment of Buyer and Lender Liability’
22. Daniel T. McGrath (2000), ‘Urban Industrial Land Redevelopment and Contamination Risk’
23. Anna Alberini, Alberto Longo, Stefania Tonin, Francesco Trombetta and Margherita Turvani (2005), ‘The Role of Liability, Regulation and Economic Incentives in Brownfield Remediation and Redevelopment: Evidence from Surveys of Developers’

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