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Fair siting procedures: An empirical analysis of their importance and characteristics
Author(s) -
Frey Bruno S.,
OberholzerGee Felix
Publication year - 1996
Publication title -
journal of policy analysis and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.898
H-Index - 84
eISSN - 1520-6688
pISSN - 0276-8739
DOI - 10.1002/(sici)1520-6688(199622)15:3<353::aid-pam2>3.0.co;2-h
Subject(s) - willingness to pay , simple (philosophy) , predictive power , economic model , nuclear power , economics , willingness to accept , survey data collection , business , economic impact analysis , economic risk , public economics , environmental economics , actuarial science , microeconomics , ecology , philosophy , statistics , mathematics , epistemology , biology
This article analyzes the reasons why individuals oppose the siting of nuclear waste repositories close to their hometowns. In a simple model based on survey data, we show that the willingness to accept such facilities largely depends on economic criteria, namely expected economic impacts and risk estimates. However, the predictive power of such a model is improved by focusing not only on the consequences—as economic models typically do—but also on the procedural aspects. We show that acceptable siting rules contribute positively to the willingness of local residents to host a noxious facility. Acceptable rules, it is found, are essentially fair rules.