EconPapers    
Economics at your fingertips  
 

International Public Preferences and Provision of Public Goods: Assessment of Passive Use Values in Large Oil Spills

Maria Loureiro and John Loomis

Environmental & Resource Economics, 2013, vol. 56, issue 4, 534 pages

Abstract: With global media reporting major environmental disasters, environmental damages linked to large oil spills may go well beyond the territorial limits of affected countries, particularly in the case of passive use values. In this analysis, we compare environmental damages linked a large oil spill off the coast of Spain using an online contingent valuation survey in three different European countries: Spain, UK, and Austria. Our results show that mean willingness to pay in Spain is about 124.37€/household, 80.87€/household in the UK, and 89.08€/household for Austria (expressed in 2009 prices). Conclusions and implications of our results suggest policy makers should consider the potential importance of passive use values in the compensation process of environmental damages caused by large international oil spills, especially within the European Union. Copyright Springer Science+Business Media B.V. 2013

Keywords: Oil spills; Passive use values; Sea pollution; Europe (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1007/s10640-012-9556-4 (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:56:y:2013:i:4:p:521-534

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

DOI: 10.1007/s10640-012-9556-4

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 ().

 
Page updated 2022-09-29
Handle: RePEc:kap:enreec:v:56:y:2013:i:4:p:521-534