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Publicatie Laka-bibliotheek:
Spatial effects of willingness-to-pay: The case of nuclear risks (2005)

AuteurP.Zweifel, Y.Schneider, C.Wyss
Datum2005
Classificatie 6.01.3.70/77 (VEILIGHEID - RISICO-ANALYSES & -BELEVING)
Voorkant

Uit de publicatie:

Spatial Effects in Willingness-to-pay

1 Introduction

This paper examines the spatial dimension of responses to the external effects of 
nuclear power. Most people would agree that these effects decrease - ceteris paribus
- with distance from a nuclear power plant. Willingness-to-pay (WTP) for coverage
against the financial risks of a nuclear accident is therefore expected to decrease 
with distance from the plant. However, 'ceteris paribus' may not hold because 
homeowners and tenants can choose where to locate. If those who believe to be 
little affected by the externality settle in the vicinity of the plant, WTP for financial 
safety may well increase rather than decrease with distance. Now consider another 
externality associated with nuclear power, viz. waste disposal. As long as the 
(national) site of waste disposal is not determined yet, but could be anywhere in the 
country where geological conditions are favorable, putting more distance between 
the plant and one's residence does not make much of a difference. Thus, WTP for 
getting rid of this externality is predicted to have no relation with distance (except 
in the very neighborhood of the plant, where all eligible train lines and truck routes 
necessarily originate). These considerations show that in the case of nuclear power, 
the spatial distribution of WTP for controlling externalities is a rather complex issue.

The present study is of particular interest for two reasons. First, contrary to existing 
published work (to be discussed below), which focuses on housing prices, it reports 
on WTP measures derived from market experiments.

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