Hazards Technology and Fairness (1986) / Chapter Skim
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Pages 158-159
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From page 158... ...
For example, the insurance industry has opposed providing coverage for losses related to nuclear power, claiming that the risk is not insurable because of the ambiguity associated with such losses (Hogarth and Kunreuther, 19851. Second, if there is ambiguity surrounding the probability of specific events, the potential host community may imagine the potential losses in detail rather than focusing on the abstract probability.
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From page 159... ...
To date, no hazardous waste facility has been located under the Siting Act, although the town of Taunton, Massachusetts, was on the verge of accepting in 1984. My colleagues and I (Kunreuther et al., 198515 have been investigating an allocation mechanism whereby each community seeking to host a hazardous facility submits a bid indicating the compensation it would require to provide a site for the facility.
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