A challenge facing society today is how to develop a meaningful strategy for integrated hazardous waste management. Meeting this challenge was the principal motivation for the conference on "Risk Assessment and Risk Management Strategies for Hazardous Waste Storage and Disposal Prob lems," held at the Wharton School of the University of Pennsylvania on May 18-19, 1988. The conference brought together representatives from the major interested parties - environmentalists, government, insurance, law, manufacturing, and the university community - who have been con cerned with the waste management...

Two related trends have created novel challenges for managing risk in the United States. The first trend is a series of dramatic changes in liability law as tort law has expanded to assign liability to defendants for reasons other than negligence. The unpredictability of future costs induced by changes in tort law may be partly responsible for the second major trend known as the liability crisis' - the disappearance of liability protection in markets for particularly unpredictable risks.
This book examines decisions people make about insurance and liability. An understanding of such...

This book explores siting dilemmas - situations in which an "authority" (e.g., Congress, a consortium of utilities) deems it in the best interest of society to build a facility such as an incinerator, but opponents living near the proposed site thwart the plan. Facility developers typically attribute local opposition to selfishness or radically inaccurate views of the risks posed by the facility. We examine the validity of these conclusions by looking in depth at the psychological response that arises when residents are faced with the prospect of living near waste disposal facilities. The...

This book explores siting dilemmas - situations in which an "authority" (e.g., Congress, a consortium of utilities) deems it in the best interest of society to build a facility such as an incinerator, but opponents living near the proposed site thwart the plan. Facility developers typically attribute local opposition to selfishness or radically inaccurate views of the risks posed by the facility. We examine the validity of these conclusions by looking in depth at the psychological response that arises when residents are faced with the prospect of living near waste disposal facilities. The...

Representations of Discrete Functions is an edited volume containing 13 chapter contributions from leading researchers with a focus on the latest research results.
The first three chapters are introductions and contain many illustrations to clarify concepts presented in the text. It is recommended that these chapters are read first.
The book then deals with the following topics: binary decision diagrams (BDDs), multi-terminal binary decision diagrams (MTBDDs), edge-valued binary decision diagrams (EVBDDs), functional decision diagrams (FDDs), Kronecker decision diagrams...

Can insurance be used as a means to obtain compliance with environmental policy? Answering this question requires examination of a broad mosaic of academic issues, including current systems available for providing compensation and deterrence, use of contracts (including insurance) as substitutes for tort law, limitations of regulatory policy-making by government agencies, pre-conditions for creation of insurance products, and market mechanisms necessary for insurance to be purchased or sold. The purpose of Managing Environmental Risk Through Insurance is to highlight the...

Leading experts address questions of public and private roles in assessing, managing, and mitigating major risks to public health and safety in light of the devastation caused by Hurricane Katrina. "This volume provides important insights from the nation's leading experts on how we, as a community and nation, should be rethinking disaster assessment, prevention, and mitigation. Policymakers, legislators, business leaders, and scholars: this is a must-read."--Jon Huntsman, Jr., Governor of Utah "An indispensable resource for all who seek to learn from the unprecedented devastation caused by...

For all the benefits of modern technology, there is often great public suspicion of, and aversion to, innovations. Amplified by the huge power of the media, public concern about health and ecological risks can grow into what is now recognized as a new and very significant social phenomenon: the stigmatization of new developments. The economic impact and social consequences can be enormous.

This text focuses on insurance as a tool for addressing risk, as opposed to government benefit programs or involuntary liability using the court system. It examines the public policy and economic nature of insurance, the insurability of risks and applies this to three environmental examples.

Insurance is an extraordinarily useful tool to manage risk. When it works as intended, it provides financial protection to individuals and a profitable business model for insurance firms and their investors. But it is broadly misunderstood by consumers, regulators, and insurance executives. This book looks at the behavior of individuals at risk, insurance industry decision makers, and policy makers at the local, state, and federal level involved in the selling, buying, and regulating of insurance. It compares their actions to those predicted by benchmark models of choice derived from...