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Who bears the lion's share of a black pie of oil pollution costs?

Title
Who bears the lion's share of a black pie of oil pollution costs?
Authors
Kim I.
Ewha Authors
김인호
SCOPUS Author ID
김인호scopus
Issue Date
2010
Journal Title
Ocean Development and International Law
ISSN
0090-8320JCR Link
Citation
vol. 41, no. 1, pp. 55 - 76
Indexed
SSCI; SCOPUS WOS scopus
Abstract
Liability generates incentives for responsible parties to reduce oil pollution risks and enables risk sharing in the oil production, transportation, refining, and consumption nexus. Limitation of liability in the oil supply chain, such as contained in the U.S. Oil Pollution Act of 1990, could make a difference in the incentive and risk-sharing effects between the sectors in the chain. It is the argument in this article that liability limits have led to a failure to generate a proper set of incentives for the reduction of oil pollution risks and to ensure efficient risk sharing among the U.S. public, the shipping sector, and the oil cargo sector. © Taylor & Francis Group, LLC.
DOI
10.1080/00908320903510019
Appears in Collections:
법학전문대학원 > 법학과 > Journal papers
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