Environmental Economics

Private-Sector Cleanup Expenditures and Transaction Costs at 18 Superfund Sites

Congress took a novel approach to cleaning up the nation's worst inactive hazardous waste sites when it enacted the Superfund program in 1980. Instead of funding the cleanups with public moneys, it adopted a liability-based program. The program allows the government either to clean up a site and recover its cost from the potentially responsible parties (PRPs) or to require the PRPs to undertake the cleanup themselves. There is a great concern that the liability approach is generating more litigation than cleanup. However, there is little empirical evidence to substantiate the concern. The purpose of this study is to provide estimates of the magnitude of private-sector expenditures and transaction-cost share at Superfund sites.

  • Keywords

    Subject:
    2. Cost-Benefit and Cost Effectiveness Analysis
    3. Cost and Economic Impacts Analysis
    2. Cost-Benefit and Cost Effectiveness Analysis - Major Programs and Media
    3. Costs and Economic Impact Analysis - Surveys and Critiques
    3. Costs and Economic Impact Analysis - Financing Pollution Control
    Environmental Media:
    c. Land
    c. Land - Superfund/CERCLA
    Authors:
    Dixon, Lloyd S.
    Drezner, Deborah
    Hammitt, James K.
    EPA Project Officer/ Manager:
    Geographic Area:
    United States
    Study Purpose:
    Data Development
    Inventory Record #: EE-0265
  • Participating Organizations

    Research Organization:

    RAND CorporationAddress: 1700 Main St., P.O. Box 2138
    City: Santa Monica State: CA ZIP: 90407
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Planning and Evaluation, Office of Policy AnalysisAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
    Non-EPA Publishing Organization:
    RANDAddress: Distribution Services, RAND
    P.O. Box 2138

    City: Santa Monica State: CA ZIP: 90407-2138
    Phone: (310) 451-7002 Fax: (310) 451-6915
    E-mail: order@rand.org
  • Report Details
    Type:
    Final
    Date:
    01/01/1993
    Number of Pages:
    86
    Comment: RAND Document # DRU-167-EPA
    Grant/Contract #:
    CR817745-01
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