OPTION WEALTH AND BEQUEST VALUES: THE VALUE OF PROTECTING FUTURE GENERATIONS FROM THE HEALTH RISKS OF NUCLEAR WASTE STORAGE

Mary Riddel () and W. Shaw

No 19662, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: We devise a simple model of intergenerational altruism under uncertainty. We present an estimable form of the model that relies on a few, plausible, assumptions. We apply the model to data collected in a survey of Southern Nevadans concerning the proposed Yucca Mountain Nuclear Waste Repository in Nye County, NV. We find strong evidence of a bequest motive. Approximately one third of the option wealth lost by households near the repository can be attributed to costs to future generations.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 22
Date: 2002
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Citations: View citations in EconPapers (2)

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Journal Article: Option Wealth and Bequest Values: The Value of Protecting Future Generations from the Health Risks of Nuclear Waste Storage (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19662

DOI: 10.22004/ag.econ.19662

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