An economic approach to monitoring pollution accidents

Arbeitspapier

We model the occurrence of an environmental accident as a stochastic event, in particular the situation of an oil spill is explored. Characteristics of the ship operator, and the different types of the ship's operating environment determine a stochastic process governing the time patterns and size of spills. It is shown that both the time distribution of different types of oil spills, and the distribution of spill size are affected by pollution control instruments such as fines, by enforcement effort, and by the alert level of the operating personnel.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Nota di Lavoro ; No. 27.1998

Classification and Topics

• Classification: Wirtschaft ; Health: Government Policy; Regulation; Public Health ; Economics of Regulation ; Renewable Resources and Conservation: Government Policy
• Subject: Optimisation ; Principal Agency ; Environmental Pollution ; Policy Measures ; Tankschiff ; Stochastischer Prozess ; Allokationseffizienz ; Prinzipal-Agent-Theorie ; Umweltpolitik ; Theorie ; Störfall

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gottinger, Hans Werner
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 1998

Further information

• Handle: http://hdl.handle.net/10419/154885
• Last update: 10.03.2025, 11:43 AM CET