Journal of Risk and Uncertainty

, Volume 34, Issue 2, pp 155–178

Paying for permanence: Public preferences for contaminated site cleanup

Authors

    • AREC, 2200 Symons HallUniversity of Maryland
  • Stefania Tonin
    • Department of PlanningUniversity of Venice-IUAV
  • Margherita Turvani
    • Department of PlanningUniversity of Venice-IUAV
  • Aline Chiabai
    • Fondazione Eni Enrico Mattei
Article

DOI: 10.1007/s11166-007-9007-8

Cite this article as:
Alberini, A., Tonin, S., Turvani, M. et al. J Risk Uncertainty (2007) 34: 155. doi:10.1007/s11166-007-9007-8

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.

Keywords

Value of a statistical life Latent risk reductions Individual discount rates Conjoint choice questions Contaminated sites Remediation

JEL Classification

J17 I18 K32 Q51 Q53

Copyright information

© Springer Science+Business Media, LLC 2007