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| Bigano, Andrea; Cassinelli, Mariaester; Markandya, Anil; Sferra, Fabio. |
| Oil spills are a major cause of environmental concern, in particular for Europe. However, the traditional approach to the evaluation of the expected external costs of these accidents fails to take into full account the implications of their probabilistic nature. By adapting a methodology originally developed for nuclear accidents to the case of oil spills, we extend the traditional approach to the assessment of the welfare losses borne by potentially affected individuals for being exposed to the risk of an oil spill. The proposed methodology differs from the traditional approach in three respects: it allows for risk aversion; it adopts an ex-ante rather than an ex-post perspective; it allows for subjective oil spill probabilities (held by the lay public)... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Resource /Energy Economics and Policy; Risk and Uncertainty. |
| Ano: 2006 |
URL: http://purl.umn.edu/12120 |
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| Bigano, Andrea; Cassinelli, Mariaester; Sferra, Fabio; Guarrera, Lisa; Karbuz, Sohbet; Hafner, Manfred; Markandya, Anil; Navrud, Stale. |
| This paper is the first to assess operational and probabilistic externalities of oil extraction and transportation to Europe on the basis of a comprehensive evaluation of realistic future oil demand-supply scenarios, of the relative relevance of import routes, of the local specificities in terms of critical passages and different burdens and impacts along import routes. The resulting externalities appear reasonable both under the assumption of high future demand and under low demand. Estimates range from 2.32 Euro in 2030 in the low demand scenario to 2.60 Euro in 2010 in the high demand scenario per ton of imported oil. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Oil Transport; Externalities Oil Spills; Risk Analysis; Resource /Energy Economics and Policy; Q32; Q25; Q41; R40. |
| Ano: 2009 |
URL: http://purl.umn.edu/50362 |
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