The Economics of a Disaster: The Exxon Valdez Oil Spill [Hardcover]

Bruce M. Owen (Author), David A. Argue (Author), Harold W. Furchtgott-Roth (Author), Gloria J. Hurdle (Author), Gale Mosteller (Author)

Book Description

Publication Date: October 30, 1995

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.

Editorial Reviews

Review

“...an interesting framework for practitioners, specialists, and scholars in the fields of business, economics, law, and environmental studies.”–Oil & Gas Journal

About the Author

BRUCE M. OWEN is President of Economists Incorporated, a Washington, D.C. consulting firm specializing in antitrust and regulatory issues.

DAVID A. ARGUE is a senior economist at Economists Incorporated in Washington, D.C.

HAROLD W. FURCHTGOTT-ROTH is a senior economist at Economists Incorporated in Washington, D.C.

GLORIA J. HURDLE, prior to joining Economists Incorporated in Washington, D.C., spent over 13 years as an economist in the Antitrust Division of the U.S. Department of Justice on the Antitrust Subcommittee of the U.S. Senate, and teaching at the Colorado College, the Eastern Michigan University, and the University of Michigan. She has authored or coauthored a number of articles related to industry structure. She has also testified before the U.S. District Court, the Department of Transportation and the Canadian Competition Tribunal. Her work primarily involves transportation, agriculture, and energy.

GALE MOSTELLER, during her years at Economists Incorporated in Washington, D.C., has provided economic analysis and litigation support to law firms, corporations, and government agencies concerning antitrust issues, transfer pricing, FIFRA data compensation and economic damages from false advertising, securities fraud, and contract breach.

Product Details

• Hardcover: 216 pages
• Publisher: Quorum Books (October 30, 1995)
• Language: English
• ISBN-10: 0899309879
• ISBN-13: 978-0899309873
• Product Dimensions: 9.1 x 6.1 x 0.8 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #2,282,705 in Books (See Top 100 in Books)