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Calculating Risks? The Spatial and Political Dimensions of Hazardous Waste Policy (Regulation of Economic Activity) 1st Edition

5 out of 5 stars 1 customer review
ISBN-13: 978-0262082785
ISBN-10: 0262082780
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About the Author

W. Kip Viscusi is the George G. Allen Professor of Economics at Duke University.
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Product Details

  • Series: Regulation of Economic Activity (Book 21)
  • Hardcover: 342 pages
  • Publisher: The MIT Press; 1 edition (September 10, 1999)
  • Language: English
  • ISBN-10: 0262082780
  • ISBN-13: 978-0262082785
  • Product Dimensions: 6 x 1 x 9 inches
  • Shipping Weight: 1.5 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #4,145,022 in Books (See Top 100 in Books)

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Format: Hardcover
If you want to find out what can be learned about environmental policy from excellent fundamental research, read Calculating Risks by James T. Hamilton and W. Kip Viscusi. In contrast, the debates over environmental policy are often muddled by poor empirical work; politicians and newspapers use the "telling" anecdote; and many public policy writers on environmental topics throw together bits of data from some standard sources and then perform statistical analysis, much of which suffers from aggregation biases and inadequate data.
Hamilton and Viscusi decided to dig deep and collect the kind of data needed to make an assessment of the effectiveness of environmental policy. They study the Superfund, which has been established to clean up hazardous-waste sites around the country. They start with Environmental Protection Agency (EPA) documents that describe the hazardous waste and the nature of the dangers in more than two hundred sites around the country. They then match that information with data on socioeconomic factors in the same areas. In some case studies, they collect housing prices to allow them to examine the impact of the Superfund sites on housing values. Finally, they develop information about the political and economic forces that might influence EPA decisions about cleaning up various sites. Originally a series of articles that went through the peer-review process and were published in some of the leading economics and public-policy journals, Calculating Risks can be understood by policymakers, yet it contains enough dense material to ensure that strong-willed and avid students of political economy can examine exactly how Hamilton and Viscusi came to their conclusions. The result is an excellent political-economic analysis of Superfund.
One caveat is necessary.
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Calculating Risks? The Spatial and Political Dimensions of Hazardous Waste Policy (Regulation of Economic Activity)
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