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Main Title Economic analysis and risk management : an application to hazardous wastes /
Author Anderson, Robert C. ; Dower, R. ; Yang, E.
Other Authors
Author Title of a Work
Dower, Roger C.
Yang, Edward.
CORP Author Environmental Law Inst., Washington, DC.;Municipal Environmental Research Lab., Cincinnati, OH.
Publisher Municipal Environmental Research Division, Office of Research and Development, U.S. Environmental Protection Agency,
Year Published 1984
Report Number EPA-600/2-84-001; EPA-R-805920
Stock Number PB84-125012
Subjects Hazardous wastes--Law and legislation--United States ; Cost effectiveness
Additional Subjects Hazardous materials ; Economic analysis ; Risk ; Regulations ; Benefit cost analysis ; Waste disposal ; Chlorine organic compounds ; Hazardous materials spills ; Polychlorinated biphenyls
Internet Access
Description Access URL
Library Call Number Additional Info Location Last
NTIS  PB84-125012 Some EPA libraries have a fiche copy filed under the call number shown. 07/26/2022
Collation v, 237 p. : ill. ; 28 cm.
The report evaluates the usefulness of economic analysis in designing effective and efficient hazardous waste regulations. In particular, it examines the applicability of cost/benefit analysis to the specific problems posed by hazardous waste mangement. The background for the analysis is provided by case studies of regulatory actions on coke oven emissions, saccharin, aflatoxins, and radiation. The report also presents several detailed case studies of past hazardous waste spills. These case studies provided information on how hazardous waste regulations can be analyzed within a cost/benefit framework. The report then selects two specific problems in hazardous waste management to demonstrate qualitatively the application of cost/benefit analysis: uncontrolled dump sites and siting of hazardous waste facilities. It is clear that inadequate data generally will prevent a formal cost/benefit analysis from being undertaken for regulatory programs. However, significant insights can be gained by applying economic analysis to hazardous waste regulations to the extent that available data allow. Such an exercise allows decisionmakers to take a comprehensive and objective view of alternative regulatory policies, revealing cost and benefit relationships and regulatory response priorities.
Includes bibliographical references. Sponsoring agency, Municipal Environmental Research Laboratory.