Mechanism design for risk allocation and benefit sharing in the development of a Geological Disposal Facility for nuclear radioactive waste

Publikation: Beitrag in Buch/Bericht/Sammelwerk/KonferenzbandAufsatz in KonferenzbandForschungPeer-Review

Autoren

  • Oscar Nieto-Cerezo
  • Edoardo Patelli
  • Jan Wenzelburger
  • Michael Beer

Externe Organisationen

  • The University of Liverpool
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Details

OriginalspracheEnglisch
Titel des SammelwerksSafety and Reliability
UntertitelMethodology and Applications
Seiten481-486
Seitenumfang6
ISBN (elektronisch)9780429226823
PublikationsstatusVeröffentlicht - 2014
Extern publiziertJa
VeranstaltungEuropean Safety and Reliability Conference, ESREL 2014 - Wroclaw, Polen
Dauer: 14 Sept. 201418 Sept. 2014

Abstract

In this research, we analyse a mathematical model using principal-agent theory where NDA delegates the implementation of a GDF to site licenced companies through the take-it-or-leave-it offer of a contract. A risk sharing incentive mechanism is designed to overcome the moral hazard problem when agents hide information on the level of risk, in order to accomplish the highest level of economic, environmental and social performance. An application to a simplified model will show the potential of the proposed approach. This paper will be of interest to academic and consultants concerned with the design of incentive contracts in the nuclear industry.

ASJC Scopus Sachgebiete

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Mechanism design for risk allocation and benefit sharing in the development of a Geological Disposal Facility for nuclear radioactive waste. / Nieto-Cerezo, Oscar; Patelli, Edoardo; Wenzelburger, Jan et al.
Safety and Reliability: Methodology and Applications. 2014. S. 481-486.

Publikation: Beitrag in Buch/Bericht/Sammelwerk/KonferenzbandAufsatz in KonferenzbandForschungPeer-Review

Nieto-Cerezo, O, Patelli, E, Wenzelburger, J & Beer, M 2014, Mechanism design for risk allocation and benefit sharing in the development of a Geological Disposal Facility for nuclear radioactive waste. in Safety and Reliability: Methodology and Applications. S. 481-486, European Safety and Reliability Conference, ESREL 2014, Wroclaw, Polen, 14 Sept. 2014. https://doi.org/10.1201/b17399-73
Nieto-Cerezo, O., Patelli, E., Wenzelburger, J., & Beer, M. (2014). Mechanism design for risk allocation and benefit sharing in the development of a Geological Disposal Facility for nuclear radioactive waste. In Safety and Reliability: Methodology and Applications (S. 481-486) https://doi.org/10.1201/b17399-73
Nieto-Cerezo O, Patelli E, Wenzelburger J, Beer M. Mechanism design for risk allocation and benefit sharing in the development of a Geological Disposal Facility for nuclear radioactive waste. in Safety and Reliability: Methodology and Applications. 2014. S. 481-486 doi: 10.1201/b17399-73
Nieto-Cerezo, Oscar ; Patelli, Edoardo ; Wenzelburger, Jan et al. / Mechanism design for risk allocation and benefit sharing in the development of a Geological Disposal Facility for nuclear radioactive waste. Safety and Reliability: Methodology and Applications. 2014. S. 481-486
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