Risk and Environmental Regulation I

3 credits · Graduate School

Analysis of the sources of market failure that create a rationale for risk and environmental regulation. Methodologies pertaining to appropriate valuation and enforcement of these regulatory policies. Applications include procedures for estimating the value of statistical life, perception of risk, the role of hazard warnings, risk analysis by government agencies, and the enforcement of regulatory programs. Prerequisite: ECON 8100, ECON 8300, ECON 8310. [3]