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Environmental policy and the reduction of hazardous waste

Author

Listed:
  • Jean H. Peretz

    (University of Tennessee, Energy, Environment and Resources Center, Tennessee)

  • Robert A. Bohm

    (University of Tennessee, Energy, Environment and Resources Center, Tennessee)

  • Philip D. Jasienczyk

    (Department of Economics, University of Tennessee, Tennessee)

Abstract

Environmental policy encouraging hazardous waste reduction began in 1976 with an Environmental Protection Agency statement promoting source reduction as the preferred method of hazardous waste management. In 1984, Congress included a policy statement supporting waste reduction in the Hazardous and Solid Waste Amendments (HSWA). However, the cornerstone of HSWA was the land disposal restrictions (LDRs)-a command and control policy prohibiting land disposal of untreated hazardous waste. Consideration of the hazardous waste generation decision in the aggregate would suggest that the price effect resulting from the LDR program and increased hazardous waste management prices in general would lead to source reduction. Although at the firm level there may be interdicting factors, statistical analysis of generation data for Tennessee support this hypothesis. Both the institution of the LDRs and waste management prices have significant negative effects on the level of generation. The analysis, however, reveals the existence of large industry and firm effects, indicating that the response to public policy may exhibit significant variance, especially at the individual generator level.

Suggested Citation

  • Jean H. Peretz & Robert A. Bohm & Philip D. Jasienczyk, 1997. "Environmental policy and the reduction of hazardous waste," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 16(4), pages 556-574.
    • Handle: RePEc:wly:jpamgt:v:16:y:1997:i:4:p:556-574
    DOI: 10.1002/(SICI)1520-6688(199723)16:4<556::AID-PAM3>3.0.CO;2-F
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    References listed on IDEAS

    as
    1. Arora Seema & Cason Timothy N., 1995. "An Experiment in Voluntary Environmental Regulation: Participation in EPA's 33/50 Program," Journal of Environmental Economics and Management, Elsevier, vol. 28(3), pages 271-286, May.
    2. Robert E. Deyle & Stuart I. Bretschneider, 1995. "Spillovers of state policy innovations: New York's hazardous waste regulatory initiatives," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 14(1), pages 79-106.
    3. Richard W. Waterman & B. Dan Wood, 1993. "Policy monitoring and policy analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 12(4), pages 685-699.
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    Cited by:

    1. Sarah L. Stafford, 2005. "Can Consumers Enforce Environmental Regulations? The Role of the Market in Hazardous Waste Compliance," Working Papers 19, Economics Department, William & Mary.
    2. Isabell Lenz & Hauke A. Wetzel & Maik Hammerschmidt, 2017. "Can doing good lead to doing poorly? Firm value implications of CSR in the face of CSI," Journal of the Academy of Marketing Science, Springer, vol. 45(5), pages 677-697, September.
    3. Elena Fraj‐Andrés & Eva Martínez‐Salinas & Jorge Matute‐Vallejo, 2009. "Factors affecting corporate environmental strategy in Spanish industrial firms," Business Strategy and the Environment, Wiley Blackwell, vol. 18(8), pages 500-514, December.

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