Environmental Economics

Uncertainties in Estimates of the Costs and Benefits of Groundwater Remediation: Results of a Cost-Benefit Analysis

This is a report on the result of an illustrative analysis of the costs and benefits of groundwater remediation at a Superfund site in Woburn, Massachusetts. It is part of a larger report prepared for the U.S. Environmental Protection Agency (EPA) on methods for estimating the economic efficiency of strategies for protecting and remediating groundwater at particular sites. A special feature of the analysis is an assessment of the uncertainties in estimates of the costs, benefits, and net-benefits of groundwater remediation using Monte Carlo simulation.

  • Keywords

    Subject:
    2. Cost-Benefit and Cost Effectiveness Analysis
    2. Cost-Benefit and Cost Effectiveness Analysis - Specific Sectors and Pollutants
    2. Cost-Benefit and Cost Effectiveness Analysis - Methodology
    Environmental Media:
    b. Water
    b. Water - Groundwater
    Authors:
    Spofford Jr., Walter O.
    Krupnick, Alan J.
    Wood, Eric F.
    EPA Project Officer/ Manager:
    Geographic Area:
    Massachusetts, Woburn (MA)
    Study Purpose:
    Empirical Application, Policy Evaluation
    Inventory Record #: PE-0009
  • Participating Organizations

    Research Organization:

    Resources for the Future, Quality of the Environment DivisionAddress: 1616 P Street, NW
    City: Washington State: DC ZIP: 20036
    Phone: Fax:
    E-mail:

    Non-EPA Publishing Organization:
    Resources for the FutureAddress: 1616 P Street, NW
    City: Washington State: DC ZIP: 20036
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    04/01/1989
    Number of Pages:
    102
    Comment: RFF Discussion Paper QE89-15
  • How to Obtain Report

    Not available from EERM
    Other Ways to Obtain the Report:
    You can obtain this report by contacting Resources for the Future directly at:
    1616 P Street, NW, Washington, DC 20036