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RISK, COMPENSATION, AND REGIONAL EQUITY IN LOCATING HAZARDOUS FACILITIES
Author(s) -
White Allen L.,
Ratick Samuel J.
Publication year - 1989
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/j.1435-5597.1989.tb01180.x
Subject(s) - equity (law) , business , compensation (psychology) , hazardous waste , government (linguistics) , environmental planning , public economics , risk analysis (engineering) , environmental economics , economics , environmental science , engineering , political science , psychology , linguistics , philosophy , psychoanalysis , law , waste management
Hazardous facility siting policies have shifted gradually from an exclusive focus on risk mitigation measures to strategies which combine mitigation unit compensation for unavoidable risks. Despite widespread practice among regional and state government entities, such strategies have achieved limited success. We argue that risk sharing through dispersion and downscaling of facilities is a key adjunct to compensation, with the potential to alleviate many stalemates which pervade current siting processes. A prescriptive risk‐sharing model, inspired by a growing number of equity‐oriented siting policies, elucidates the trade‐offs between spatial equity, compensation, and facility costs. We conclude that equity considerations are likely to emerge as a primary criterion in the next generation of siting processes.