A RISK/COST FRAMEWORK FOR PUBLIC POLICY EVALUATION: THE HAZARDOUS WASTE TRADE

KIMBERLY A. KILLMER

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DOI: 10.2190/QTJ6-AN64-BL85-V4JM

Abstract

The management of hazardous waste disposal operations is extremely complex involving a multitude of environmental, engineering, economic, social, and political concerns. As costs for domestic hazardous waste disposal have risen, waste generators and handlers have been encouraged to consider the disposal of wastes outside the country of origin. This article proposes a framework for policy makers to assist them in the evaluation of trade policies. A spatial general equilibrium-based policy evaluation model is developed to calculate risk, cost, and risk-equity tradeoff curves. This framework provides policy makers a tool with which they can relate resulting patterns of trade and their associated risk, cost, and equity attributes to original policy goals.

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