Valuing Reductions of Public Risks: The Case of Hazardous Waste

  • Anselm U. Römer
  • Werner W. Pommerehne
Conference paper

Abstract

Natural risks have always been and are part of our daily lives. With increasing human abilities a new type of risks has appeared: technological risks. Thus, our society has been labelled as “risk society”. At the same time the possibilities to reduce both types of risks have increased. Consequently, two types of decisions with respect to risks have to be made: on the one hand it has to be decided what types of new risks society is prepared to bear, on the other hand it must be decided how to handle existing risks. Since the reduction of risks requires resources, this is clearly a problem economists should address.

Keywords

Microwave Europe Cadmium Income Aspirin 

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Copyright information

© Springer-Verlag Berlin · Heidelberg 1994

Authors and Affiliations

  • Anselm U. Römer
  • Werner W. Pommerehne

There are no affiliations available

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