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Nuclear Waste Disposal in France: the Contribution of Economic Analysis

Author

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  • Jean-Alain Héraud

    (BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique)

  • Oana Ionescu

    (BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique, ANDRA - Agence Nationale pour la Gestion des Déchets Radioactifs)

Abstract

This article addresses the following question: How to deal with uncertainty, emergence of new information and irreversibility in the decision process of the long-term disposal of radioactive waste ? Intuitively, one might think that measures taken today are more relevant when they are ‡exible. We show that the theoretical economic insights supplements this intuition and more precisely we emphasize the real options theory as one means of valuing ‡exible strategies in the disposal of highly radioactive waste. Moreover, we argue that the optional approach must involve a more complex utilization in the recently developed French project of reversible repository given the presence of multiple disposal stages.

Suggested Citation

  • Jean-Alain Héraud & Oana Ionescu, 2011. "Nuclear Waste Disposal in France: the Contribution of Economic Analysis," Working Papers halshs-00942314, HAL.
  • Handle: RePEc:hal:wpaper:halshs-00942314
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00942314
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    Cited by:

    1. Jenny Monheim-Helstroffer & Marie Obidzinski, 2011. "The EU legislation game: the case of asylum law," Working Papers of BETA 2011-16, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

    More about this item

    Keywords

    Radioactive waste; Real options; Reversibility;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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