Sixteen oil spills occurred in Korea between 1995 and 2010, including the Hebei Spirit oil spill (HSOS) in 2007, the largest (77,857 barrels) in Korean history. Yet compensation for environmental damages has never been claimed under the International Oil Pollution Compensation Fund for any of...

This paper focuses on the analyses and evaluation of resilience anchored in an economic perspective. Resilience, as well as most of the benefits provided by ecosystems, is not priced on current markets. However, this does not mean that resilience is of no value for humans. On the contrary, the...

This paper focuses on the analyses and evaluation of resilience anchored in an economic perspective. Resilience, as well as most of the benefits provided by ecosystems, is not priced on current markets. However, this does not mean that resilience is of no value for humans. On the contrary, the...

Climate change scenarios predict an increase of extreme rain events, which will increase the risk of wastewater flooding and of missing legal water quality targets. This study elicits the willingness to pay to reduce ecological and health risks from combined sewer overflows (CSOs) in rivers and...

Researchers have utilized the fact that many states have term limits (as opposed to being eligible for re-election) for governors to determine how changes in electoral incentives alter state regulatory agency behavior. This paper asks whether these impacts spill over into private sector...

Consider a group of agents located along a polluted river where every agent must pay a certain cost for cleaning up the polluted river. Following the model of Ni and Wang (2007), we propose the class of α-Local Responsibility Sharing methods, which generalizes the Local Responsibility Sharing...

Despite the 21st century being more educated, richer, healthier, peaceful and better connected than the previous centuries, a negligent happening of the past - Exxon Valdez oil-spill of 1989 still looms, hovers and monitors our actions today. Though it is not the largest oil spill recorded, the...

Consider a group of agents located along a polluted river where every agent must pay a certain cost for cleaning up the polluted river. Following the model of Ni and Wang (2007), we propose the class of alpha-Local Responsibility Sharing methods, which generalizes the Local Responsibility...

Plastics leakage has become a pressing issue for many developing countries. While a number of development co-operation initiatives with a focus on tackling plastic pollution have recently emerged, there is currently no comprehensive assessment of the volume and scope of international development...

On a theoretical front, environmental economists have one last pollution problem to contend with and that is the issue of non-point source pollution (NPSP). The issue of NPSP is important on many levels but central to this field is how to efficiently regulate what you cannot observe? A promising...