An Economic Approach to Monitoring Pollution Accidents
Data
01.01.1998
01.01.1998
Autori
Hans W. Gottinger
Codice JEL
I18,L51,Q28
I18,L51,Q28
Parole chiave:
Optimisation,Principal Agency,Environmental Pollution,Policy Measures
Optimisation,Principal Agency,Environmental Pollution,Policy Measures
Publisher
Climate Change and Sustainable Development
Climate Change and Sustainable Development
Editor
Carlo Carraro
Carlo Carraro
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.