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Modeling Superfund: A hazardous waste bargaining model with rational threats

This dissertation takes a retrospective look at the first decade of EPA's implementation of the Comprehensive Environmental Response, Compensation and Liability Act commonly known as Superfund. Two models are employed that reflect EPA's implementation of Superfund: a rational threats game-theoretic bargaining model and a discrete choice empirical model. The game theoretic hazardous waste bargaining model produces an elegant and simple decision rule. Using this decision rule, EPA compares the expected transaction costs incurred because of litigation against EPA's prospects for a court-ordered award. The agency enters into bargaining when the savings from avoiding litigation is equal to the court-ordered award. EPA and the coalition of responsible parties bargain about how to share site clean-up costs (mixed funding) and when successful, enter into a voluntary settlement. The discrete choice empirical analysis reveals that high transaction costs, lengthy delays in site clean-ups and limited enforcement/litigation characterize EPAs implementation of CERCLA during the decade ending in 1990. Differences in how EPA implements this legislation across EPA Regions is explored. Compared to the other Eastern EPA Regions, EPA Region 4 is less likely to litigate and more likely to use Superfund monies to clean up hazardous waste sites.

Identiferoai:union.ndltd.org:UMASS/oai:scholarworks.umass.edu:dissertations-1927
Date01 January 2000
CreatorsTaft, Mary Anderson
PublisherScholarWorks@UMass Amherst
Source SetsUniversity of Massachusetts, Amherst
LanguageEnglish
Detected LanguageEnglish
Typetext
SourceDoctoral Dissertations Available from Proquest

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