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- Title
EFFICIENT REGULATION OF ENVIRONMENTAL HEALTH RISKS.
- Authors
Lichtenberg, Erik; Zilberman, David
- Abstract
This paper introduces a decision framework for regulating environmental health risks which incorporates the characteristic uncertainty about the dissemination and toxicological impacts of environmental contaminants and the behavioral restrictions commonly encountered. Analysis indicates that increases in uncontrollable uncertainty will increase emphasis on average performance, that more potent or less controllable risks will be regulated more stringently and that increasing aversion to uncertainty may result in poorer average performance. The paper also develops an alternative measure for valuing risk of loss of life taking into account uncertainty about health risk generation processes.
- Subjects
ENVIRONMENTAL health; HEALTH risk assessment; DISEASE risk factors; PUBLIC health; POLLUTION; TOXICOLOGY; PREVENTIVE medicine
- Publication
Quarterly Journal of Economics, 1988, Vol 103, Issue 1, p167
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1882647