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Incorporating Value Trade-offs into Community-Based Environmental Risk Decisions

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  • Robin S. Gregory

Abstract

Although much attention has been given to the role of community stakeholders in developing environmental risk-management policies, most local and national initiatives are better known for their failings than their successes. One reason for this continuing difficulty, we contend, is a reluctance to address the many difficult value trade-offs that necessarily arise in the course of creating and evaluating alternative risk-management options. In this paper we discuss six reasons why such trade-offs are difficult and, for each, present helpful techniques from the decision sciences along with case study examples of successful applications.

Suggested Citation

  • Robin S. Gregory, 2002. "Incorporating Value Trade-offs into Community-Based Environmental Risk Decisions," Environmental Values, White Horse Press, vol. 11(4), pages 461-488, November.
  • Handle: RePEc:env:journl:ev11:ev1124
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    More about this item

    Keywords

    risk management; values; trade-offs; decision making;
    All these keywords.

    JEL classification:

    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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