Dynamic economic analysis of marine pollution prevention technologies: An application to double hulls and electronic charts

Di Jin, Hauke Kite-Powell and James Broadus

Environmental & Resource Economics, 1994, vol. 4, issue 6, 555-580

Abstract: Marine pollution associated with shipping accidents has resulted in a Congressional mandate for double hulls on tankers in U.S. waters. In this paper, we formulate a social planner's problem using optimal control theory to examine the relative cost-effectiveness of double hulls and alternative pollution prevention technologies, and the optimal installation strategy for such technologies. The model encompasses the costs and benefits associated with shipping operations, damage to the marine environment, and investment in each technology. A computer simulation of the model is used to evaluate investment strategies for two technological options: double hulls and electronic chart systems. Results indicate that electronic charts may be a far more cost-effective approach to marine pollution control. Copyright Kluwer Academic Publishers 1994

Keywords: Marine pollution; oil spills; shipping; dynamic optimization (search for similar items in EconPapers)
Date: 1994
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1007/BF00693046 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:enreec:v:4:y:1994:i:6:p:555-580

Ordering information: This journal article can be ordered from
http://www.springer. ... al/journal/10640/PS2

DOI: 10.1007/BF00693046

Access Statistics for this article

Environmental & Resource Economics is currently edited by Ian J. Bateman

More articles in Environmental & Resource Economics from Springer, European Association of Environmental and Resource Economists Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().