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Fukushima Dai-Ichi and the Economics of Nuclear Decontamination

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  • Alistair Munro

    (National Graduate Institute for Policy Studies)

Abstract

Economic analysis of nuclear accidents and their aftermath is comparatively rare. In this paper, in the light of the Japanese government’s intensive efforts to decontaminate areas affected by radioactive Caesium from Fukushima dai-ichi nuclear power plant, we create a cost-benefit framework for assessing the merits of decontamination strategies. Using some benchmark data for Japan we estimate that optimal delay is positive for most reasonable parameter values. For low value land, optimal delay could be in excess of 30 years. For higher value, urban land, optimal delay generally lies in the range of 5-10 years.

Suggested Citation

  • Alistair Munro, 2012. "Fukushima Dai-Ichi and the Economics of Nuclear Decontamination," GRIPS Discussion Papers 12-01, National Graduate Institute for Policy Studies.
    • Handle: RePEc:ngi:dpaper:12-01
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    References listed on IDEAS

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    1. Douglas Almond & Lena Edlund & Mårten Palme, 2009. "Chernobyl's Subclinical Legacy: Prenatal Exposure to Radioactive Fallout and School Outcomes in Sweden," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(4), pages 1729-1772.
    2. Lehmann, Hartmut & Wadsworth, Jonathan, 2011. "The impact of Chernobyl on health and labour market performance," Journal of Health Economics, Elsevier, vol. 30(5), pages 843-857.
    3. Kenshi Itaoka & Aya Saito & Alan Krupnick & Wiktor Adamowicz & Taketoshi Taniguchi, 2006. "The Effect of Risk Characteristics on the Willingness to Pay for Mortality Risk Reductions from Electric Power Generation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 33(3), pages 371-398, March.
    4. Nick Hanley & Carol A. Salt & Mike Wilson & Meara Culligan‐Dunsmore, 2001. "Evaluating alternative “countermeasures” against food contamination resulting from nuclear accidents," Journal of Agricultural Economics, Wiley Blackwell, vol. 52(2), pages 92-109, May.
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    Cited by:

    1. Yumashev, Dmitry & Johnson, Paul, 2017. "Flexible decision making in the wake of large scale nuclear emergencies: Long-term response," European Journal of Operational Research, Elsevier, vol. 261(1), pages 368-389.

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