Biervliet, Karl van; Roy, Dirk Le; Nunes, Paulo A.L.D. - Fondazione ENI Enrico Mattei (FEEM) - 2006
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...