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Environmental accidents and stigmatized fish prices: evidence from the Prestige oil spill in Galicia

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  • Domínguez Alvarez, Rocío
  • Loureiro, María L.

Abstract

Assessing the economic damages and their temporal dimension caused by oil spills is very important. In the present paper, we analyze the stigma effect caused in fish markets, in the North West coast of Spain (Galicia) after the Prestige oil spill. Specifically, we focus on pelagic fish species which represent a relevant market in Galicia. The results show that printed media sorrounding the accident had a statistically significant role in the evolution of fish prices. Two types of stigma were found: temporal and geographical stigma. Our results conclude that there is persistence of environmental effects after the spill.

Suggested Citation

  • Domínguez Alvarez, Rocío & Loureiro, María L., 2013. "Environmental accidents and stigmatized fish prices: evidence from the Prestige oil spill in Galicia," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 13(02), pages 1-24, December.
    • Handle: RePEc:ags:earnsa:162311
    DOI: 10.22004/ag.econ.162311
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    References listed on IDEAS

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    2. Loureiro, Maria L. & Ribas, Alfonso & Lopez, Edelmiro & Ojea, Elena, 2006. "Estimated costs and admissible claims linked to the Prestige oil spill," Ecological Economics, Elsevier, vol. 59(1), pages 48-63, August.
    3. Maurie J. Cohen, 1995. "Technological Disasters and Natural Resource Damage Assessment: An Evaluation of the Exxon Valdez Oil Spill," Land Economics, University of Wisconsin Press, vol. 71(1), pages 65-82.
    4. Mitchell, Mark L, 1989. "The Impact of External Parties on Brand-Name Capital: The 1982 Tylenol Poisonings and Subsequent Cases," Economic Inquiry, Western Economic Association International, vol. 27(4), pages 601-618, October.
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