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Paying for permanence: Public preferences for contaminated site cleanup

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  • Anna Alberini

    ()

  • Stefania Tonin
  • Margherita Turvani
  • Aline Chiabai

Abstract

We use conjoint choice questions to investigate the preferences of people in four cities in Italy for income and future/permanent mortality risk reductions delivered by contaminated site remediation policies. The VSL is €5.6 million for an immediate risk reduction. If the risk reduction takes place 20 years from now, the implied VSL is €1.26 million. Respondents’ implicit discount rate is 7%. The VSL depends on respondent characteristics, familiarity with contaminated sites, concern about the health effects of exposure to toxicants, having a family member with cancer, perceived usefulness of public programs and beliefs about the goals of government remediation programs. Copyright Springer Science+Business Media, LLC 2007

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Bibliographic Info

Article provided by Springer in its journal Journal of Risk and Uncertainty.

Volume (Year): 34 (2007)
Issue (Month): 2 (April)
Pages: 155-178

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Handle: RePEc:kap:jrisku:v:34:y:2007:i:2:p:155-178

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Web page: http://www.springerlink.com/link.asp?id=100299

Related research

Keywords: Value of a statistical life; Latent risk reductions; Individual discount rates; Conjoint choice questions; Contaminated sites; Remediation; J17; I18; K32; Q51; Q53;

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References

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  1. Anna Alberini & Maureen Cropper & Alan Krupnick & Nathalie B. Simon, 2004. "Willingness to Pay for Mortality Risk Reductions: Does Latency Matter?," NCEE Working Paper Series, National Center for Environmental Economics, U.S. Environmental Protection Agency 200401, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Feb 2004.
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  6. Anna Alberini & Stefania Tonin & Margherita Turvani & Aline Chiabai, 2007. "Paying for permanence: Public preferences for contaminated site cleanup," Journal of Risk and Uncertainty, Springer, Springer, vol. 34(2), pages 155-178, April.
  7. Sujitra Vassanadumrongdee & Shunji Matsuoka, 2005. "Risk Perceptions and Value of a Statistical Life for Air Pollution and Traffic Accidents: Evidence from Bangkok, Thailand," Journal of Risk and Uncertainty, Springer, Springer, vol. 30(3), pages 261-287, May.
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  22. Anna Alberini & Aline Chiabai & Margherita Turvani & Stefania Tonin, 2006. "Public Support for Policies Addressing Contaminated Sites: Evidence From a Survey of the Italian Public," ERSA conference papers ersa06p651, European Regional Science Association.
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Citations

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Cited by:
  1. Alberini, Anna & Ščasný, Milan, 2013. "Exploring heterogeneity in the value of a statistical life: Cause of death v. risk perceptions," Ecological Economics, Elsevier, vol. 94(C), pages 143-155.
  2. Mary Riddel, 2012. "Comparing risk preferences over financial and environmental lotteries," Journal of Risk and Uncertainty, Springer, Springer, vol. 45(2), pages 135-157, October.
  3. Dennis Guignet & Anna Alberini, 2013. "Can Property Values Capture Changes in Environmental Health Risks? Evidence from a Stated Preference Study in Italy and the UK," Working Papers 2013.67, Fondazione Eni Enrico Mattei.
  4. Anna Alberini & Stefania Tonin & Margherita Turvani, 2009. "The Value of Reducing Cancer Risks at Contaminated Sites: Are More Heavily Exposed People Willing to Pay More?," Working Papers 2009.60, Fondazione Eni Enrico Mattei.
  5. Andersson, Henrik & Hole, Arne Risa & Svensson, Mikael, 2013. "Valuation of small and multiple health risks: A critical analysis of SP data applied to food and water safety," TSE Working Papers 13-465, Toulouse School of Economics (TSE).
  6. Anna Alberini & Margherita Turvani & Aline Chiabai & Stefania Tonin, 2007. "Public Policies for Contaminated Site Cleanup: The Opinions of the Italian Public," Working Papers 2007.11, Fondazione Eni Enrico Mattei.
  7. Christoph Rheinberger, 2011. "A Mixed Logit Approach to Study Preferences for Safety on Alpine Roads," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 49(1), pages 121-146, May.
  8. Carlsson, Fredrik & Daruvala, Dinky & Jaldell, Henrik, 2008. "Value of statistical life and cause of accident: A choice experiment," Working Papers in Economics 332, University of Gothenburg, Department of Economics.
  9. Botzen, W.J.W. & van den Bergh, J.C.J.M., 2012. "Risk attitudes to low-probability climate change risks: WTP for flood insurance," Journal of Economic Behavior & Organization, Elsevier, vol. 82(1), pages 151-166.
  10. Andrew Meyer, 2013. "Intertemporal Valuation of River Restoration," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 54(1), pages 41-61, January.
  11. Anna Alberini & Milan Ščasný, 2011. "Context and the VSL: Evidence from a Stated Preference Study in Italy and the Czech Republic," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 49(4), pages 511-538, August.
  12. Veronesi, Marcella & Chawla, Fabienne & Maurer, Max & Lienert, Judit, 2014. "Climate change and the willingness to pay to reduce ecological and health risks from wastewater flooding in urban centers and the environment," Ecological Economics, Elsevier, vol. 98(C), pages 1-10.
  13. Anna Alberini & Aline Chiabai & Margherita Turvani & Stefania Tonin, 2006. "Public Support for Policies Addressing Contaminated Sites: Evidence From a Survey of the Italian Public," ERSA conference papers ersa06p651, European Regional Science Association.
  14. Thijs Dekker & Roy Brouwer & Marjan Hofkes & Klaus Moeltner, 2011. "The Effect of Risk Context on the Value of a Statistical Life: a Bayesian Meta-model," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 49(4), pages 597-624, August.
  15. Anna Alberini & Stefania Tonin & Margherita Turvani & Aline Chiabai, 2006. "Paying for Permanence: Public Preferences for Contaminated Site Cleanup," Working Papers 2006.113, Fondazione Eni Enrico Mattei.

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