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The Market Value Of Reducing Cancer Risk: Hedonic Housing Prices With Changing Information, W. Kip Viscusi, Ted Gayer, James T. Hamilton
The Market Value Of Reducing Cancer Risk: Hedonic Housing Prices With Changing Information, W. Kip Viscusi, Ted Gayer, James T. Hamilton
Vanderbilt Law School Faculty Publications
In this paper, we use housing price changes occurring after the release of a regulatory agency's environmental risk information to estimate the value people place on cancer risk reduction. Using a large original data set on the repeat sales of houses, matched with detailed data on hazardous waste cancer risk and newspaper publicity, we find that housing prices respond in a rational manner to changes in information about risk. Since the new information indicated that the sites in our sample pose relatively low cancer risk, the informational release led residents to lower their risk beliefs, resulting in an average housing …
Agriculture And The Environment: Three Myths, Three Themes, Three Directions, J.B. Ruhl
Agriculture And The Environment: Three Myths, Three Themes, Three Directions, J.B. Ruhl
Vanderbilt Law School Faculty Publications
Three very powerful and widely disseminated myths, what I call the Three Myths, have obscured the reality that agriculture is a leading source of environmental harm in our nation. Until we can divorce the dialogue on agri-environmental policy from these myths, the discussion of goals and policy instruments will remain mired.
A Manifesto For The Radical Middle, J.B. Ruhl
A Manifesto For The Radical Middle, J.B. Ruhl
Vanderbilt Law School Faculty Publications
This article advocates an active, concerted strategy for staking out the middle ground in environmental policy. The middle ground - the domain of "middle of the roaders" - has conventionally been defined by compromise, and as a result lacks any defining content and principles. I propose an aggressive middle that uses enriched sources of information, agency professional judgment, and transparent adaptive management as its components.
Farmland Stewardship: Can Ecosystems Stand Any More Of It?, J.B. Ruhl
Farmland Stewardship: Can Ecosystems Stand Any More Of It?, J.B. Ruhl
Vanderbilt Law School Faculty Publications
Second in my series of articles on farming and environmental policy, this article examines farmland stewardship rhetoric in light of the reality of extensive agricultural exemptions from environmental regulation.
Three Questions For Agriculture About The Environment, J.B. Ruhl
Three Questions For Agriculture About The Environment, J.B. Ruhl
Vanderbilt Law School Faculty Publications
This article is the third in my series studying agriculture and environmental law. It asks why agriculture has not evolved toward more environmentally responsible behavior and points to possible "green" solutions that will move agriculture into necessary transformations.