Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/74222
Authors: 
van Biervliet, Karl
Le Roy, Dirk
Nunes, Paulo A.L.D.
Year of Publication: 
2006
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 41.2006
Abstract: 
This paper offers an economic assessment of the loss of non-use values resulting from different oil spill scenarios along the Belgian Coast. Estimation results show that if no oil spill prevention policy action is undertaken, a significant welfare loss may result. As a matter of fact, contingent valuation estimation results show such a welfare loss ranges from 120 million Euro to 606 million Euro, depending on the size and the frequency of the oil spill under consideration. Therefore, any investment program targeted at the prevention of oil spills, and its damage on the marine environment, can be clearly defended from a cost-benefit perspective as long as its cost is no higher than 120 million Euro.
Subjects: 
Oil Spill
Prevention Scenario
Contingent Valuation
Cost Benefit Analysis
JEL: 
Q51
Q53
Q54
Q58
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.