Gupta, Shreekant; Houtven, George Van; Cropper, Maureen - In: RAND Journal of Economics 27 (1996) 3, pp. 563-582
We analyze EPA's cleanup decisions at over 100 Superfund sites and examine whether and how EPA trades off the cost against the permanence of cleanup. EPA's decisions reveal both a preference for permanent solutions and an aversion to cost. For example, EPA prefers incinerating soils to isolating...