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Management of Hazardous Waste and Contaminated Land

Author

Listed:
  • Hilary Sigman

    (Department of Economics, Rutgers University, New Brunswick, New Jersey 08901-1248
    Resources for the Future, Washington, DC 20036; National Bureau of Economic Research, Cambridge, Massachusetts 02138)

  • Sarah Stafford

    (Department of Economics, College of William and Mary, Williamsburg, Virginia 23187)

Abstract

Regulation of hazardous waste and cleanup of contaminated sites are two major components of modern public policy for environmental protection. We review the literature on these related areas, with emphasis on empirical analyses. Researchers have identified many behavioral responses to regulation of hazardous waste, including changes in the location of economic activity. However, the drivers behind compliance with these costly regulations remain a puzzle, as most research suggests a limited role for conventional enforcement. Increasingly sophisticated research examines the benefits of cleanup of contaminated sites, yet controversy remains about whether the benefits of cleanup in the United States exceed its costs. Finally, research focusing on the imposition of legal liability for damages from hazardous waste finds advantages and disadvantages of the U.S. reliance on legal liability to pay for cleanup, as opposed to the government-financed approaches more common in Europe.

Suggested Citation

  • Hilary Sigman & Sarah Stafford, 2011. "Management of Hazardous Waste and Contaminated Land," Annual Review of Resource Economics, Annual Reviews, vol. 3(1), pages 255-275, October.
    • Handle: RePEc:anr:reseco:v:3:y:2011:p:255-275
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-083110-120011
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    Citations

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    Cited by:

    1. Sarah A Moore & Heather Rosenfeld & Eric Nost & Kristen Vincent & Robert E Roth, 2018. "Undermining methodological nationalism: Cosmopolitan analysis and visualization of the North American hazardous waste trade," Environment and Planning A, , vol. 50(8), pages 1558-1579, November.
    2. Kahn, Matthew E. & Walsh, Randall, 2015. "Cities and the Environment," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 405-465, Elsevier.
    3. Canepa, Alessandra & Drogo, Federico, 2021. "Wildfire crime, apprehension and social vulnerability in Italy," Forest Policy and Economics, Elsevier, vol. 122(C).
    4. Kristin Shrader-Frechette, 2022. "Does Hazardous-Waste Testing Follow Technical Guidance, Thus Help Protect Environmental Justice and Health?," IJERPH, MDPI, vol. 19(13), pages 1-30, June.
    5. Burda, Martin & Harding, Matthew, 2014. "Environmental Justice: Evidence from Superfund cleanup durations," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PA), pages 380-401.
    6. Doron Lavee & Tomer Ash & Gilat Baniad, 2012. "Cost‐benefit analysis of soil remediation in Israeli industrial zones," Natural Resources Forum, Blackwell Publishing, vol. 36(4), pages 285-299, November.
    7. Incheol Kim & Hong Wan & Bin Wang & Tina Yang, 2019. "Institutional Investors and Corporate Environmental, Social, and Governance Policies: Evidence from Toxics Release Data," Management Science, INFORMS, vol. 65(10), pages 4901-4926, October.
    8. Gamper-Rabindran, Shanti & Timmins, Christopher, 2013. "Does cleanup of hazardous waste sites raise housing values? Evidence of spatially localized benefits," Journal of Environmental Economics and Management, Elsevier, vol. 65(3), pages 345-360.
    9. Tsur Somerville & Jake Wetzel, 2022. "Environmental hazards: The microgeography of land‐use negative externalities," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 50(2), pages 468-497, June.
    10. Kim, GwanSeon & Schieffer, Jack & Mark, Tyler, 2016. "Do Superfund Sites Affect Local Property Values? Evidence from a Spatial Hedonic Approach," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235835, Agricultural and Applied Economics Association.
    11. Lappi, Pauli, 2018. "Optimal clean-up of polluted sites," Resource and Energy Economics, Elsevier, vol. 54(C), pages 53-68.
    12. Phaneuf, Daniel J. & Liu, Xiangping, 2016. "Disentangling property value impacts of environmental contamination from locally undesirable land uses: Implications for measuring post-cleanup stigmaAuthor-Name: Taylor, Laura O," Journal of Urban Economics, Elsevier, vol. 93(C), pages 85-98.
    13. Ralph Mastromonaco, 2014. "Hazardous Waste Hits Hollywood: Superfund and Housing Prices in Los Angeles," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(2), pages 207-230, October.

    More about this item

    Keywords

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    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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