Waste Management

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Extra resources for Disposal of industrial and domestic wastes.

Sample text

5. 6. 36 There is no threshold for information, that is, no definition of how much is necessary. No minimum amount of information is worth an undefined, large amount of money. The costs of obtaining additional information must be weighed against the benefits of acquiring it. National waste-management decisions and site-specific decisions require different information bases. The information developed in sitespecific and regional studies is not necessarily sufficient for national waste-management decisions.

National waste-management decisions and site-specific decisions require different information bases. The information developed in sitespecific and regional studies is not necessarily sufficient for national waste-management decisions. Consideration of multimedia waste-management strategies may increase the complexity of analysis and the amount of information needed for decision making. The waste generator who bears the true total costs of waste disposal activities has strong incentives to optimize both the scale and methods of waste-management practices.

In some instances those who bear the costs (if they are aware of the situation) will oppose the use of benefit-cost analysis. The problem of equity impacts waste disposal policy when an option imposes risks on one group while the benefits accrue to some other group. One might argue that equity considerations call for compensation to those who bear the risks associated with waste disposal. Compensation could be the dollar amount that would make the individuals willing to incur the risk in question.

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