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The Regulation of Oil Spills and Mineral Pollution


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
Recent research on environmental regulation have focused on studying ways of controlling continuous sources of pollution such as SO2 and CO2 emissions by means of permit trading and carbon taxes. However, the oil spill in the Gulf of Mexico after the Deepwater Horizon blowout and the red mud tailings spill in Hungary have shown that accidental pollution can also generate serious social damages. The objective of this book is to study how to organize and administer a governance system that regulates accidental pollution and market power by adopting a holistic analytical approach that combines economics, law, and politics. The book presents a multi-tier principal-agent model where the State regulates accidental pollution and market power, taking into account the problems of corruption, moral hazard, the random nature of accidental pollution, and the organization of regulatory institutions. Instruments such as monitoring and penalties are identified as optimal policy tools in a second-best setting. The book analyzes the applicability of the model using real case studies from the mining and energy industries and presents policy implications of the analysis for the U.S.A. and Peru.
Product Specifications
SKU :COC12323
AuthorArturo L. Vásquez Cordano
Number of Pages276
Publishing Year3/16/2012
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-24 00:00:00