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Featuring real world examples of how risk information affects public choices, The Economics of Environmental Risk expertly demonstrates that policymakers need to consider how people learn about those risks. Offering insights into examples such as hazardous waste, radon, smoking, hurricanes and terrorist threats over the past four decades, this intuitive book illustrates environmental risks and the choices made to mitigate the potential effects.
We have undertaken this volume in the belief that there is now sufficient research completed on environmental risk to justify a retrospective assessment of what is known. Our authors and our intended audience are eclectic indeed. Environ mental risk assessment receives increasing attention in the media today. The populace is practically assaulted with stories, with anecdotes, and with conflicting evidence. It is our hope that these chapters will provide the reader with a comprehensive glimpse of a fast-growing field in public policy. No complete survey of the literature would be possible or meaningful. We offer here instead the integrative thoughts of some of the most respected analysts in t...
Developed for use as a reference work in graduate and undergraduate courses as well as for researchers, policymakers, and interested laypersons, the book is a unique collection of authoritative yet accessible journal articles about risk. Drawn from a variety of disciplines including the physical and social sciences, engineering, and law, the articles deal with a wide range of public policy, regulatory, management, energy, and environmental issues. The selections are accompanied by introductory notes, questions for thought and discussion, and suggestions for further reading.
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This major reference work the first of its kind provides a comprehensive and authoritative introduction to the large and growing literature on contingent valuation. It includes entries on over 7,500 contingent valuation papers and studies from over 130 countries covering both the published and grey literatures. This book provides an interpretive historical account of the development of contingent valuation, the most commonly used approach to placing a value on goods not normally sold in the marketplace. The major fields catalogued here include culture, the environment, and health application. This bibliography is an ideal starting point for researchers wanting to find other studies that have...
Regulatory decisions to approve, restrict development, or halt the marketing of new pharmaceuticals require evaluating the balance between benefits and risks, given the available evidence at a point in time. In response to concerns about how such decisions are reached, there is increasing interest in using patients' perceptions of the benefits of treatment features and their tolerance for possible risks to help inform regulatory decisions. Stated-choice methods, which measure stated preferences and are sometimes called discrete-choice experiments or conjoint analysis, are often the most valid and reliable techniques available for quantifying patient preferences because data on actual choices...
Radiation, radioactivity, radon: these are words that, since Hiroshima, the Cold War, and Three Mile Island, have conjured fear and fascination for many Americans. The threat of nuclear war, however, was always abstract at best, and the possibility of a meltdown was seen primarily as a localized catastrophe. Yet the danger of radon--an invisible, odorless gas that could seemingly attack any home and afflict its residents with a deadly cancer--struck home in the 1980s when whole neighborhoods were deemed unsafe and homeowners were forced to relocate, often at great expense. But how much of a threat does radon really pose to Americans? Is the government's aggressive policy toward this "silent ...
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