The Oil Spill Process: The Effect of Coast Guard Monitoring on Oil Spills
In 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
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 10 (1997)
Issue (Month): 4 (December)
|Contact details of provider:|| Web page: http://www.springer.com|
Postal:c/o EAERE Secretariat - Fondazione Eni Enrico Mattei - Isola di San Giorgio Maggiore 8, I-30124 Venice, Italy
Web page: http://www.eaere.org/
More information through EDIRC
|Order Information:||Web: http://www.springer.com/economics/environmental/journal/10640/PS2|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Cohen, Mark A, 1987. "Optimal Enforcement Strategy to Prevent Oil Spills: An Application of a Principal-Agent Model with Moral Hazard," Journal of Law and Economics, University of Chicago Press, vol. 30(1), pages 23-51, April.
- White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
- Cohen, Mark A., 1986. "The costs and benefits of oil spill prevention and enforcement," Journal of Environmental Economics and Management, Elsevier, vol. 13(2), pages 167-188, June.
- Burrows, Paul & Rowley, Charles K. & Owen, David, 1974. "Operational dumping and the pollution of the sea by oil: An evaluation of preventive measures," Journal of Environmental Economics and Management, Elsevier, vol. 1(3), pages 202-218, November.
When requesting a correction, please mention this item's handle: RePEc:kap:enreec:v:10:y:1997:i:4:p:315-339. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.