Effective Siting of Waste Treatment Facilities

A waste treatment plant or another essential but potentially unpleasant facility has to be built in one of n communities. We present a simple auction-like procedure that identifies the best location and determines a system of transfers that provide the host community with adequate compensation. The...

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Bibliographic Details
Published in:Journal of environmental economics and management 2002-03, Vol.43 (2), p.303-324
Main Authors: Minehart, Deborah, Neeman, Zvika
Format: Article
Language:English
Subjects:
Auctions
Compensation
Design
Economic models
Economics
Environment
Environmental economics
Hazardous materials
hazardous waste
LULU
mechanism design
NIMBY
Site selection
Waste
Waste disposal
Waste management
waste treatment
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Summary:A waste treatment plant or another essential but potentially unpleasant facility has to be built in one of n communities. We present a simple auction-like procedure that identifies the best location and determines a system of transfers that provide the host community with adequate compensation. The siting procedure is simple and effective and can be readily applied in real world situations. In addition, it is ex post budget balanced, ex post individually rational, and robust, and it induces bidding the true disutility (or close to it) as a focal strategy in many different environments.
ISSN:0095-0696
1096-0449
DOI:10.1006/jeem.2000.1180