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Problems in Policymaking to Reduce Environmental Risks to Life

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  • Dwyer, L.

    (Macarthur Institute of Higher Education, Campbelltown, NSW)

Abstract

Authorities in a number of countries, including Australia, have become increasingly concerned about the serious threats to public health and the environment arising from exposure to hazardous wastes. While economists can provide essential information to policymakers regarding the lifesaving benefits of regulatory controls of toxins, certain problems arise from using the economist’s preferred method as a basis for policy assessment. One problem concerns the appropriate measure of risk to use in estimating the benefits of reducing environmental risks. Another concerns the possibility that use of the economist’s technique of benefit assessment may result in policies which do not maximise the number of lives saved. This paper attempts to clarify the issues and to defend the economist’s approach from ill-informed criticism.

Suggested Citation

  • Dwyer, L., 1988. "Problems in Policymaking to Reduce Environmental Risks to Life," Economic Analysis and Policy, Elsevier, vol. 18(1), pages 83-100.
    • Handle: RePEc:eee:ecanpo:v:18:y:1988:i:1:p:83-100
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