Hazards Technology and Fairness (1986) / Chapter Skim
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Pages 156-157
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From page 156... ...
For site i to be willing to host the facility, some type of compensation or benefit (Big must be provided if eventj occurs. If a fixed ex ante compensa TABLE 1 Stakeholder-Strategy Matrix for Siting a Hazardous Waste Disposal Facility Stage ~ Locating the Site Monetary or In-Kind Compensation Stage 2 Stage 3 Living With the Site Accident Compensation for Property Value Decreases Insurance Environmental and Ex Post Regulation Compensation Host community Other communities Developer Waste generator State siting authority Federal government agencies (e.g., EPA)
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From page 157... ...
For example, if the developer pays residents for decreases in current property values when they sell their houses, then there will be a probability distribution associated with anticipated changes in market prices of property in the area. = The decision tree in Figure 2 provides a framework for discussing the issues of risk perception and the elicitation of community preferences.
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