Advanced Search
MyIDEAS: Login to save this paper or follow this series

Risk Equity: A New Proposal

Contents:

Author Info

  • Adler, Matthew D.
Registered author(s):

    Abstract

    This Article proposes a rigorous framework for analyzing the distributive impacts of risk regulation policies. This framework, which I term "probabilistic population profile analysis (PPPA)," is novel, yet firmly grounded in the social-welfare-function tradition in welfare economics. The PPPA framework conceptualizes the status quo and each possible policy as probability distributions across population profiles -- where each population profile is, in turn, a concatenation of lifetime health-longevity-income histories, one for each member of the population. A utility function transforms each such profile into a utility vector. An equity-regarding social welfare function is then specified. Policy analysts can employ the equity-regarding social welfare function both: (1) to determine how policies compare purely as a matter of equality; and (2) to determine how they compare all-things-considered, considering both equality and overall welfare. Part I of the Article criticizes existing approaches to risk equity that have been proposed in the scholarly literature: the environmental justice conception of risk equity; "individual risk" approaches; QALY-based equity analysis; incidence analysis; inclusive equality measurement; and cost-benefit analysis with distributive weights. Part II describes and defends PPPA. PPPA has many virtues. It recognizes that well-being is multidimensional, a function of both income and health/longevity; furnishes a metric for inequality; provides a basis for making tradeoffs between equality and overall well-being; and understands that distributive justice includes (but is not limited to) inequalities between high and low-status social groups.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://regulation2point0.org/wp-content/plugins/download-monitor/download.php?id=242
    Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (Archive Maintainer)
    Download Restriction: no

    Bibliographic Info

    Paper provided by Regulation2point0 in its series Working paper with number 242.

    as in new window
    Length:
    Date of creation: Apr 2007
    Date of revision:
    Handle: RePEc:reg:wpaper:242

    Contact details of provider:
    Web page: http://regulation2point0.org/

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:reg:wpaper:242. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Archive Maintainer).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.