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Benefits Assessment of Two California Hazardous Waste Disposal Facilities (1983)

Paper Number: EE-0107

Document Date: 11/01/1983

Author(s):  Bazan, Eugene J., Rogers, Thomas A.

Subject Area(s):

Hazardous Waste, Economic Benefits, Avoided Damages

Keywords:  Benefit-Cost Analysis, Hazardous Waste, Economic Benefits, Avoided Damages

Abstract: 

The purpose of this study was to assess the benefits of RCRA regulations, comparing the results before and after new regulations at two existing hazardous waste sites previously regulated under California state law. The "good" site was in Casmalia, and the "bad" site was in Simi Valley. Benefits were computed based on the expected value model of the probability that a given scenario would occur and the damages avoided (due to regulation) under that scenario. Damages avoided were estimated for the two sites for sudden and non-sudden occurrence scenarios for three levels of severity. Conclusions and recommendations were made.

This paper is part of the  Environmental Economics Research Inventory.

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  • Benefits Assessment of Two California Hazardous Waste Disposal Facilities (PDF)(225 pp, 60 MB, 11/01/1983, EE-0107)
    The purpose of this study was to assess the benefits of RCRA regulations, comparing the results before and after new regulations at two existing hazardous waste sites previously regulated under California state law. The "good" site was in Casmalia, and the "bad" site was in Simi Valley. Benefits were computed based on the expected value model of the probability that a given scenario would occur and the damages avoided (due to regulation) under that scenario.