An estimate of the producer cost of liability for oil spills
Publication
, Journal Article
Maniloff, P
Published in: Applied Economics Letters
March 12, 2018
Governments often impose liability for environmental harms on firms when direct monitoring of operations is difficulty or costly. In the case of oil production, little is known about the private cost of liability. This article takes advantage of a natural experiment to estimate the loss in projected future profits of oil and gas production after the Oil Pollution Act of 1990, which imposed liability on some producers and was exogenously timed in response to the Exxon Valdez spill. I find no evidence of economically substantial firm costs of the Oil Pollution Act’s liability rule.
Duke Scholars
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Published In
Applied Economics Letters
DOI
EISSN
1466-4291
ISSN
1350-4851
Publication Date
March 12, 2018
Volume
25
Issue
5
Start / End Page
348 / 353
Related Subject Headings
- Finance
- Economics
- 1502 Banking, Finance and Investment
- 1402 Applied Economics
- 1117 Public Health and Health Services
Citation
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Maniloff, P. (2018). An estimate of the producer cost of liability for oil spills. Applied Economics Letters, 25(5), 348–353. https://doi.org/10.1080/13504851.2017.1321833
Maniloff, P. “An estimate of the producer cost of liability for oil spills.” Applied Economics Letters 25, no. 5 (March 12, 2018): 348–53. https://doi.org/10.1080/13504851.2017.1321833.
Maniloff P. An estimate of the producer cost of liability for oil spills. Applied Economics Letters. 2018 Mar 12;25(5):348–53.
Maniloff, P. “An estimate of the producer cost of liability for oil spills.” Applied Economics Letters, vol. 25, no. 5, Mar. 2018, pp. 348–53. Scopus, doi:10.1080/13504851.2017.1321833.
Maniloff P. An estimate of the producer cost of liability for oil spills. Applied Economics Letters. 2018 Mar 12;25(5):348–353.
Published In
Applied Economics Letters
DOI
EISSN
1466-4291
ISSN
1350-4851
Publication Date
March 12, 2018
Volume
25
Issue
5
Start / End Page
348 / 353
Related Subject Headings
- Finance
- Economics
- 1502 Banking, Finance and Investment
- 1402 Applied Economics
- 1117 Public Health and Health Services