IDEAS home Printed from https://ideas.repec.org/p/rff/dpaper/dp-06-01.html
   My bibliography  Save this paper

Some Issues at the Forefront of Public Policy for Environmental Risk

Author

Listed:
  • Macauley, Molly

    (Resources for the Future)

Abstract

The lay of the policy land for addressing and managing environmental risk includes the hillock of the precautionary principle, the mountain of the practice and ethics of monetary valuation, and the tectonic plates of real-world innovations in markets and trading exchanges for nonmarketed environmental goods. This paper offers an overview of these contemporary and as yet unresolved issues and asks how each might be addressed in disparate environmental risks such as lightning, climate change, and severe weather. The overview focuses on issues that may be of interest to the American Meteorological Society’s annual policy colloquium.

Suggested Citation

  • Macauley, Molly, 2006. "Some Issues at the Forefront of Public Policy for Environmental Risk," RFF Working Paper Series dp-06-01, Resources for the Future.
  • Handle: RePEc:rff:dpaper:dp-06-01
    as

    Download full text from publisher

    File URL: http://www.rff.org/RFF/documents/RFF-DP-06-01.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. LeRoy, Stephen F & Singell, Larry D, Jr, 1987. "Knight on Risk and Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 95(2), pages 394-406, April.
    2. Anna Alberini & Maureen Cropper & Alan Krupnick & Nathalie Simon, 2006. "Willingness to pay for mortality risk reductions: Does latency matter?," Journal of Risk and Uncertainty, Springer, vol. 32(3), pages 231-245, May.
    3. Roger A. Pielke Jr., 2004. "What is Climate Change?," Energy & Environment, , vol. 15(3), pages 515-520, July.
    4. Alberini, Anna & Cropper, Maureen & Krupnick, Alan & Simon, N.B.Nathalie B., 2004. "Does the value of a statistical life vary with age and health status? Evidence from the US and Canada," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 769-792, July.
    5. Jonathan B. Wiener & Michael D. Rogers, 2002. "Comparing precaution in the United States and Europe," Journal of Risk Research, Taylor & Francis Journals, vol. 5(4), pages 317-349, October.
    6. Sunstein Cass R., 2005. "The Precautionary Principle as a Basis for Decision Making," The Economists' Voice, De Gruyter, vol. 2(2), pages 1-10, April.
    7. Viscusi, W. Kip, 1996. "Fatal Tradeoffs: Public and Private Responsibilities for Risk," OUP Catalogue, Oxford University Press, number 9780195102932.
    8. MacAuley, Molly K., 2005. "The Value of Information: A Background Paper on Measuring the Contribution of Space-Derived Earth Science Data to National Resource Management," Discussion Papers 10839, Resources for the Future.
    9. repec:reg:rpubli:201 is not listed on IDEAS
    10. Boyd, James & Wainger, Lisa, 2003. "Measuring Ecosystem Service Benefits: The Use of Landscape Analysis to Evaluate Environmental Trades and Compensation," RFF Working Paper Series dp-02-63, Resources for the Future.
    11. Lixin Zeng, 2000. "Pricing Weather Derivatives," Journal of Risk Finance, Emerald Group Publishing Limited, vol. 1(3), pages 72-78, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. MacAuley, Molly K., 2006. "Issues at the Forefront of Public Policy for Environmental Risk: Comments for the American Meteorological Society's Annual Policy Colloquium," Discussion Papers 10494, Resources for the Future.
    2. Henrik Andersson & James Hammitt & Gunnar Lindberg & Kristian Sundström, 2013. "Willingness to Pay and Sensitivity to Time Framing: A Theoretical Analysis and an Application on Car Safety," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 56(3), pages 437-456, November.
    3. Ami, Dominique & Aprahamian, Frédéric & Chanel, Olivier & Joulé, Robert-Vincent & Luchini, Stéphane, 2014. "Willingness to pay of committed citizens: A field experiment," Ecological Economics, Elsevier, vol. 105(C), pages 31-39.
    4. Lisa A. Robinson & James K. Hammitt, 2016. "Valuing Reductions in Fatal Illness Risks: Implications of Recent Research," Health Economics, John Wiley & Sons, Ltd., vol. 25(8), pages 1039-1052, August.
    5. Botzen, W.J.W. & van den Bergh, J.C.J.M., 2012. "Risk attitudes to low-probability climate change risks: WTP for flood insurance," Journal of Economic Behavior & Organization, Elsevier, vol. 82(1), pages 151-166.
    6. Krupnick, Alan & Alberini, Anna & Simon, Nathalie & Itaoka, Kenshi & Akai, Makoto & Cropper, Maureen, 2005. "Age, Health, and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey in Japan," RFF Working Paper Series dp-05-34, Resources for the Future.
    7. Milan Ščasný & Anna Alberini, 2012. "Valuation of Mortality Risk Attributable to Climate Change: Investigating the Effect of Survey Administration Modes on a VSL," IJERPH, MDPI, vol. 9(12), pages 1-22, December.
    8. Henrik Andersson & Nicolas Treich, 2011. "The Value of a Statistical Life," Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 17, Edward Elgar Publishing.
    9. Mahmood Hamid Umar & Jerome Nyameh, 2014. "Examination of Flood Disaster and Government Attitudes Taraba State Experience," Studies in Social Sciences and Humanities, Research Academy of Social Sciences, vol. 1(1), pages 56-59.
    10. Kjell Hausken, 2019. "Principal–Agent Theory, Game Theory, and the Precautionary Principle," Decision Analysis, INFORMS, vol. 16(2), pages 105-127, June.
    11. Marcelo Lima, 2017. "Survey sponsor effects on the willingness to pay for mortality risk reductions," GRI Working Papers 272, Grantham Research Institute on Climate Change and the Environment.
    12. Cameron, Trudy Ann & DeShazo, J.R., 2013. "Demand for health risk reductions," Journal of Environmental Economics and Management, Elsevier, vol. 65(1), pages 87-109.
    13. Anna Alberini & Aline Chiabai, 2007. "Discount Rates in Risk Versus Money and Money Versus Money Tradeoffs," Risk Analysis, John Wiley & Sons, vol. 27(2), pages 483-498, April.
    14. Hoffmann, Sandra & Qin, Ping & Krupnick, Alan & Badrakh, Burmaajav & Batbaatar, Suvd & Altangerel, Enkhjargal & Sereeter, Lodoysamba, 2012. "The willingness to pay for mortality risk reductions in Mongolia," Resource and Energy Economics, Elsevier, vol. 34(4), pages 493-513.
    15. Henry A. Roman & James K. Hammitt & Tyra L. Walsh & David M. Stieb, 2012. "Expert Elicitation of the Value per Statistical Life in an Air Pollution Context," Risk Analysis, John Wiley & Sons, vol. 32(12), pages 2133-2151, December.
    16. Peterson, Deborah C., 2006. "Precaution: principles and practice in Australian environmental and natural resource management," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 137764, Australian Agricultural and Resource Economics Society.
    17. Peterson, Deborah C., 2006. "Precaution: principles and practice in Australian environmental and natural resource management," Conference Workshop Proceedings 31906, Productivity Commission.
    18. Svensson, Mikael, 2006. "The Value of a Statistical Life in Sweden Estimates from Two Studies using the "Certainty Approach" Calibration," Working Papers 2006:6, Örebro University, School of Business, revised 12 May 2009.
    19. World Bank, 2011. "Air Quality Analysis of Ulaanbaatar," World Bank Publications - Reports 26802, The World Bank Group.
    20. Qenani-Petrela, Eivis & Noel, Jay E. & Mastin, Thomas, 2007. "A Benefit Transfer Approach to the Estimation of Agro-Ecosystems Services Benefits: A Case Study of Kern County, California," Research Project Reports 121605, California Polytechnic State University, San Luis Obispo, California Institute for the Study of Specialty Crops.

    More about this item

    Keywords

    risk; environment; public policy; economics;
    All these keywords.

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rff:dpaper:dp-06-01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Resources for the Future (email available below). General contact details of provider: https://edirc.repec.org/data/rffffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.