Economics of a Disaster: The EXXON Valdez Oil Spill
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The Economics of a Disaster represents a major contribution to the understanding of the economics of liability and damages. It is based on the assumption that if people know they can be held responsible for some or all of the costs or damages sustained in an environmental accident, they will change their behavior to make the accident less likely to occur or to reduce the damages should it occur. The work develops a framework to examine and measure changes in market conditions after a disaster, showing the kinds of information that need to be collected and analyzed. Based on the Exxon Valdez case, this work provides an interesting framework for practitioners, specialists, and scholars in the fields of business, economics, law, and environmental studies.
Format:Hardcover
Language:English
ISBN:0899309879
ISBN13:9780899309873
Release Date:October 1995
Publisher:Praeger
Length:216 Pages
Weight:1.15 lbs.
Dimensions:0.6" x 6.0" x 9.0"
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