Semiparametric Estimation of the Size of Oil Tanker Spills
This paper estimates the determinants of the size of oil tanker spills without dis- tributional assumptions on the error terms. We employ semiparametric estimation techniques to estimate the parameters of a sample selection model and compare them to the estimates from a sample selection model with normal errors. We nd that al- though parameter estimates are sensitive to the assumption of normality and to the semiparametric technique used. Major ndings that are qualitatively supported by all methods are: groundings and collisions result in larger spills if there is a spill, but the likelihood that there will be a spill due to a grounding or collision is very low; tanker size has only a marginal e ect on the probability of a spill and a dubious e ect on spill size; US ag tankers and new tankers have a lower probability of causing spills, compared to foreign ag and old tankers, respectively.
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- Newey, Whitney K & Powell, James L & Walker, James R, 1990.
"Semiparametric Estimation of Selection Models: Some Empirical Results,"
American Economic Review,
American Economic Association, vol. 80(2), pages 324-328, May.
- Newey, W.K. & Powell, J.L. & Walker, J.R., 1990. "Semiparametric Estimation Of Selection Models: Some Empirical Results," Working papers 9001, Wisconsin Madison - Social Systems.
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