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Some Issues at the Forefront of Public Policy for Environmental Risk

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  • Macauley, Molly

    ()
    (Resources for the Future)

Abstract

The lay of the policy land for addressing and managing environmental risk includes the hillock of the precautionary principle, the mountain of the practice and ethics of monetary valuation, and the tectonic plates of real-world innovations in markets and trading exchanges for nonmarketed environmental goods. This paper offers an overview of these contemporary and as yet unresolved issues and asks how each might be addressed in disparate environmental risks such as lightning, climate change, and severe weather. The overview focuses on issues that may be of interest to the American Meteorological Society’s annual policy colloquium.

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Bibliographic Info

Paper provided by Resources For the Future in its series Discussion Papers with number dp-06-01.

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Date of creation: 23 Jan 2006
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Handle: RePEc:rff:dpaper:dp-06-01

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Keywords: risk; environment; public policy; economics;

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  1. LeRoy, Stephen F & Singell, Larry D, Jr, 1987. "Knight on Risk and Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 95(2), pages 394-406, April.
  2. Anna Alberini & Maureen Cropper & Alan Krupnick & Nathalie Simon, 2006. "Willingness to pay for mortality risk reductions: Does latency matter?," Journal of Risk and Uncertainty, Springer, vol. 32(3), pages 231-245, May.
  3. Alberini, Anna & Cropper, Maureen & Krupnick, Alan & Simon, N.B.Nathalie B., 2004. "Does the value of a statistical life vary with age and health status? Evidence from the US and Canada," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 769-792, July.
  4. Viscusi, W. Kip, 1996. "Fatal Tradeoffs: Public and Private Responsibilities for Risk," OUP Catalogue, Oxford University Press, number 9780195102932.
  5. Jonathan B. Wiener & Michael D. Rogers, 2002. "Comparing precaution in the United States and Europe," Journal of Risk Research, Taylor & Francis Journals, vol. 5(4), pages 317-349, October.
  6. Sunstein Cass R., 2005. "The Precautionary Principle as a Basis for Decision Making," The Economists' Voice, De Gruyter, vol. 2(2), pages 1-10, April.
  7. Adler, Matthew D., 2005. "QALYs and Policy Evaluation: A New Perspective," Working paper 265, Regulation2point0.
  8. Hahn, Robert W. & Sunstein, Cass R., 2005. "The Precautionary Principle as a Basis for Decision Making," Working paper 201, Regulation2point0.
  9. Boyd, James & Wainger, Lisa, 2003. "Measuring Ecosystem Service Benefits: The Use of Landscape Analysis to Evaluate Environmental Trades and Compensation," Discussion Papers dp-02-63, Resources For the Future.
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