An Updated Analysis of IOPCF Oil Spill Data: Estimation of the Disutility Cost of Tanker Oil Spills

Christos A. Kontovas; N.P. Ventikos; Harilaos N. Psaraftis

doi:10.1201/b11810-137

An Updated Analysis of IOPCF Oil Spill Data: Estimation of the Disutility Cost of Tanker Oil Spills

Christos A. Kontovas, N.P. Ventikos, Harilaos N. Psaraftis

Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review

Abstract

Beyond any doubt, the cost of an oil spill is very difficult to be estimated. The approach used in this work is based on the assumption that the cost of an oil spill can be approximated by the compensation eventually paid to claimants. A series of regression analyses of the total costs have been carried out based on the latest available data. These analyses and their results can provide useful insights to the discussion on environmental risk evaluation criteria and in policy evaluation regarding the oil pollution of the marine environment by estimating the damage cost of oil spills and, thus, the benefit from relative regulations that deal with the prevention of oil pollution in cost effectiveness and cost benefit analysis.

Original language	English
Title of host publication	Sustainable Maritime Transportation and Exploitation of Sea Resources
Editors	Enrico Rizzuto, Carlos Guedes Soares
Publisher	Taylor and Francis Group
Publication date	2012
Pages	921-929
ISBN (Print)	978-0-415-62081-9
DOIs	https://doi.org/10.1201/b11810-137
Publication status	Published - 2012
Externally published	Yes
Event	IMAM 2011: The International Maritime Association of the Mediterranean - Genoa, Italy Duration: 13 Sep 2011 → 16 Sep 2011

Conference

Conference	IMAM 2011
Country	Italy
City	Genoa
Period	13/09/2011 → 16/09/2011

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1201/b11810-137

Cite this

@inbook{9d4c5c252f40478e92be2541428c95bb,

title = "An Updated Analysis of IOPCF Oil Spill Data: Estimation of the Disutility Cost of Tanker Oil Spills",

abstract = "Beyond any doubt, the cost of an oil spill is very difficult to be estimated. The approach used in this work is based on the assumption that the cost of an oil spill can be approximated by the compensation eventually paid to claimants. A series of regression analyses of the total costs have been carried out based on the latest available data. These analyses and their results can provide useful insights to the discussion on environmental risk evaluation criteria and in policy evaluation regarding the oil pollution of the marine environment by estimating the damage cost of oil spills and, thus, the benefit from relative regulations that deal with the prevention of oil pollution in cost effectiveness and cost benefit analysis.",

author = "Kontovas, {Christos A.} and N.P. Ventikos and Psaraftis, {Harilaos N.}",

year = "2012",

doi = "10.1201/b11810-137",

language = "English",

isbn = "978-0-415-62081-9",

pages = "921--929",

editor = "Enrico Rizzuto and Soares, {Carlos Guedes}",

booktitle = "Sustainable Maritime Transportation and Exploitation of Sea Resources",

publisher = "Taylor and Francis Group",

note = "IMAM 2011 : The International Maritime Association of the Mediterranean ; Conference date: 13-09-2011 Through 16-09-2011",

}

An Updated Analysis of IOPCF Oil Spill Data: Estimation of the Disutility Cost of Tanker Oil Spills. / Kontovas, Christos A.; Ventikos, N.P.; Psaraftis, Harilaos N.

Sustainable Maritime Transportation and Exploitation of Sea Resources. ed. / Enrico Rizzuto; Carlos Guedes Soares. Taylor and Francis Group, 2012. p. 921-929.

Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review

TY - CHAP

T1 - An Updated Analysis of IOPCF Oil Spill Data: Estimation of the Disutility Cost of Tanker Oil Spills

AU - Kontovas, Christos A.

AU - Ventikos, N.P.

AU - Psaraftis, Harilaos N.

PY - 2012

Y1 - 2012

N2 - Beyond any doubt, the cost of an oil spill is very difficult to be estimated. The approach used in this work is based on the assumption that the cost of an oil spill can be approximated by the compensation eventually paid to claimants. A series of regression analyses of the total costs have been carried out based on the latest available data. These analyses and their results can provide useful insights to the discussion on environmental risk evaluation criteria and in policy evaluation regarding the oil pollution of the marine environment by estimating the damage cost of oil spills and, thus, the benefit from relative regulations that deal with the prevention of oil pollution in cost effectiveness and cost benefit analysis.

AB - Beyond any doubt, the cost of an oil spill is very difficult to be estimated. The approach used in this work is based on the assumption that the cost of an oil spill can be approximated by the compensation eventually paid to claimants. A series of regression analyses of the total costs have been carried out based on the latest available data. These analyses and their results can provide useful insights to the discussion on environmental risk evaluation criteria and in policy evaluation regarding the oil pollution of the marine environment by estimating the damage cost of oil spills and, thus, the benefit from relative regulations that deal with the prevention of oil pollution in cost effectiveness and cost benefit analysis.

U2 - 10.1201/b11810-137

DO - 10.1201/b11810-137

M3 - Book chapter

SN - 978-0-415-62081-9

SP - 921

EP - 929

BT - Sustainable Maritime Transportation and Exploitation of Sea Resources

A2 - Rizzuto, Enrico

A2 - Soares, Carlos Guedes

PB - Taylor and Francis Group

T2 - IMAM 2011

Y2 - 13 September 2011 through 16 September 2011

ER -

An Updated Analysis of IOPCF Oil Spill Data: Estimation of the Disutility Cost of Tanker Oil Spills

Abstract

Conference

UN SDGs

Access to Document

Fingerprint

Cite this