Economics Of A Disaster

Economics Of A Disaster

by Bruce M. Owen, David A. Argue, Harold W. Furchtgott-Roth, Gloria J. Hurdle
     
 

ISBN-10: 0899309879

ISBN-13: 9780899309873

Pub. Date: 10/30/1995

Publisher: ABC-CLIO, Incorporated

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

Overview

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.

Product Details

ISBN-13:
9780899309873
Publisher:
ABC-CLIO, Incorporated
Publication date:
10/30/1995
Pages:
218
Product dimensions:
6.00(w) x 9.00(h) x 0.63(d)
Lexile:
1530L (what's this?)

Table of Contents

Figures and Tables

Acknowledgments

Introduction

The Effect of Disaster on Prices of Goods and Services: An Economic Framework

Measuring the Effect of the Exxon Valdez Oil Spill on Alaskan Seafood Prices

Industry Background

Qualitative Evidence Concerning Price Effects

Japanese Consumer Demand

Salmon Benchmark Studies

Salmon Reduced Form Study

Salmon Processor Prices

Non-salmon Species Studies

Supply Effects

Fishing Permit Values

Summary of Results

Conclusion

Appendix 1: A Brief Description of Statistical Terminology

Appendix 2: Modeling Japanese Consumer Demand

Appendix 3: Reduced Form Model for Alaskan Salmon

Appendix 4: Supply Effects

Selected Bibliography

Index

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