Abstract
In developing and estimating a positive model of the incidence and prevention of pollution, the authors investigate how the incentives facing oil transporters affect the frequency and size of oil spills. The theoretical models shows how vessel size, the price of oil, the enforcement of pollution control regulations, and the risk associated with variance in spill size affect the oil transporter's decisions concerning expenditures on measures for spill prevention. The study finds evidence that the agency charged with enforcement of water pollution control policies exercises discretion in enforcing those policies, a situation the authors believe warrants applying this model to other pollution control problems. 18 references, 7 tables.
Published Version
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