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Environmental Risk and Uncertainty: Insights from Yucca Mountain

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  • Mary Riddel
  • Christine Dwyer
  • W. Douglass Shaw

Abstract

This study examines the effects of the risk from transporting high–level radioactive waste to the proposed Yucca Mountain repository on housing location decisions in Southern Nevada. Using data from a survey of southern Nevada households, we develop a model–based subjective risk estimate for each household. We then explore different factors that may influence the household's location decisions if the proposed transportation route is ultimately chosen for nuclear waste transport. We extend the conventional expected utility model to allow for uncertainty surrounding the actual risks borne by the household. Finally, we examine the impact of federal government compensation on households’ location decisions. The findings indicate that residents currently living near the proposed transportation route express subjective risk estimates much larger than those reported by the Department of Energy. In general, households that are uncertain about the future risks are more likely to relocate than those expressing certainty. When everything is considered, the model predicts that between one and three percent of households living near the transportation route are likely to relocate. Compensation can influence some households to remain at their present location and bear the transport risk.

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  • Mary Riddel & Christine Dwyer & W. Douglass Shaw, 2003. "Environmental Risk and Uncertainty: Insights from Yucca Mountain," Journal of Regional Science, Wiley Blackwell, vol. 43(3), pages 435-458, August.
    • Handle: RePEc:bla:jregsc:v:43:y:2003:i:3:p:435-458
    DOI: 10.1111/1467-9787.00306
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    Cited by:

    1. Welsch, Heinz & Biermann, Philipp, 2016. "Measuring nuclear power plant externalities using life satisfaction data: A spatial analysis for Switzerland," Ecological Economics, Elsevier, vol. 126(C), pages 98-111.
    2. Welsch, Heinz, 2016. "Electricity Externalities, Siting, and the Energy Mix: A Survey," International Review of Environmental and Resource Economics, now publishers, vol. 10(1), pages 57-94, November.
    3. Shaw, W. Douglass & Woodward, Richard T., 2008. "Why environmental and resource economists should care about non-expected utility models," Resource and Energy Economics, Elsevier, vol. 30(1), pages 66-89, January.
    4. Fumihiro Yamane & Kyohei Matsushita & Toshio Fujimi & Hideaki Ohgaki & Kota Asano, 2014. "A Simple Way to Elicit Subjective Ambiguity: Application to Low-dose Radiation Exposure in Fukushima," Discussion Papers 1417, Graduate School of Economics, Kobe University.
    5. W. Douglass Shaw & Mark Walker & Marnee Benson, 2005. "Treating and Drinking Well Water in the Presence of Health Risks from Arsenic Contamination: Results from a U.S. Hot Spot," Risk Analysis, John Wiley & Sons, vol. 25(6), pages 1531-1543, December.
    6. Yves Schneider & Peter Zweifel, 2013. "Spatial Effects in Willingness to Pay for Avoiding Nuclear Risks," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 149(III), pages 357-379, September.
    7. Chen, Yuh-Wen & Wang, Chi-Hwang & Lin, Sain-Ju, 2008. "A multi-objective geographic information system for route selection of nuclear waste transport," Omega, Elsevier, vol. 36(3), pages 363-372, June.
    8. Melkonyan, Tigran A., 2011. "The Effect of Communicating Ambiguous Risk Information on Choice," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 36(2), pages 1-21, August.

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