Environmental Economics

Economic Assessment of Superfund Policy Decisions

This study is the first research to combine site-level risk data and remediation cost information with 1990 census data to derive estimates of the expected number of cancer cases and costs per life saved implicit in expenditures at a sample of Superfund sites. The sensitivity of estimated risks to changes in risk assessment assumptions is examined through Monte Carlo Analysis. The distributions of risks by demographic group are also explored in an analysis of environmental equity.

See PE-0015 for book and journal versions of this report.

  • Keywords

    Subject:
    1. Benefits Analysis
    2. Cost-Benefit and Cost Effectiveness Analysis
    5. Distribution and Equity
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Cost of Damages Avoided
    1. Benefits Analysis - Valuation - Cost of Damages Avoided - Mortality
    2. Cost-Benefit and Cost Effectiveness Analysis - Major Programs and Media
    Environmental Media:
    c. Land
    c. Land - Superfund/CERCLA
    Authors:
    Viscusi, W. Kip
    Hamilton, James T.
    EPA Project Officer/ Manager:
    Carlin, Alan
    Geographic Area:
    United States
    Study Purpose:
    Empirical Application, Data Development, Policy Evaluation
    Inventory Record #: EE-0539
  • Participating Organizations

    Research Organization:

    Duke UniversityAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Planning and EvaluationAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Draft
    Date:
    12/14/1999
    Number of Pages:
    200
    Comment:
    Grant/Contract #:
    CR817478
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    Date Linked: 08/29/2017