Social and Behavioral Sciences Commons^™

Political And Economic Analysis Of Low-Level Radioactive Waste, F. Gregory Hayden, Steven R. Bolduc

Department of Economics: Faculty Publications

This year's Veblen-Commons Award recipient, Seymour Melman, has warned that the laws and decisions allowing and encouraging the spread of cost-plus contracts have diminished productive capacity, increased production costs, created unearned profits, and weakened democratic institutions [Melman 1983, 1993]. The concern of this paper is the political organization of the Central Interstate Low-Level Radioactive Waste Compact (CIC) and the cost-plus contract system that it proposes to use in establishing a low-level radioactive waste (LLRW) facility. The current plan is to transport radioactive waste from the LLRW generators in Louisiana, Arkansas, Oklahoma, Kansas, and Nebraska to a disposal facility at the …