Paying for permanence: Public preferences for contaminated site cleanup

Anna Alberini (), Stefania Tonin, Margherita Turvani and Aline Chiabai

Journal of Risk and Uncertainty, 2007, vol. 34, issue 2, pages 155-178

Abstract: We use conjoint choice questions to investigate the preferences of people in four cities in Italy for income and future/permanent mortality risk reductions delivered by contaminated site remediation policies. The VSL is €5.6 million for an immediate risk reduction. If the risk reduction takes place 20 years from now, the implied VSL is €1.26 million. Respondents’ implicit discount rate is 7%. The VSL depends on respondent characteristics, familiarity with contaminated sites, concern about the health effects of exposure to toxicants, having a family member with cancer, perceived usefulness of public programs and beliefs about the goals of government remediation programs. Copyright Springer Science+Business Media, LLC 2007

Keywords: Value of a statistical life; Latent risk reductions; Individual discount rates; Conjoint choice questions; Contaminated sites; Remediation; J17; I18; K32; Q51; Q53 (search for similar items in EconPapers)

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