The Oil Spill Process: The Effect of Coast Guard Monitoring on Oil Spills
AbstractIn this paper we evaluate the effectiveness of Coast Guard enforcement efforts in reducing oil spills. We consider how vessel owners’ behavior changes with increases in the probability of being monitored. We also study the effectiveness of the performance standards adopted by the Coast Guard in 1984. We conclude that: (i) Coast Guard enforcement effort works to decrease both the frequency of oil spills and the spill size, even though in this latter case the effect is smaller; (ii) the expected fine has no effect on either the frequency or size of oil spills; (iii) few spills from non-monitored transfers are detected; and (iv) the implementation of the new performance standards increases the effectiveness of the Coast Guard monitoring efforts. Copyright Kluwer Academic Publishers 1997
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Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.
Volume (Year): 10 (1997)
Issue (Month): 4 (December)
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Web page: http://www.springerlink.com/link.asp?id=100263
oil spills; enforcement and monitoring;
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