IDEAS home Printed from https://ideas.repec.org/a/eee/marpol/v32y2008i4p592-606.html
   My bibliography  Save this article

Financial caps for oil pollution damage: A historical mistake?

Author

Listed:
  • Faure, Michael
  • Wang, Hui

Abstract

The limitation of liability (known as financial caps) of the ship owner has a long tradition in maritime law in general and in the marine oil pollution compensation regime in particular. This paper uses the economic instrument to critically analyze such a mechanism, in order to answer the question if the financial caps are indeed a historical mistake.

Suggested Citation

  • Faure, Michael & Wang, Hui, 2008. "Financial caps for oil pollution damage: A historical mistake?," Marine Policy, Elsevier, vol. 32(4), pages 592-606, July.
    • Handle: RePEc:eee:marpol:v:32:y:2008:i:4:p:592-606
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0308-597X(07)00129-7
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mondello, Gerard, 2010. "Risky Activities and Strict Liability Rules: Delegating Safety," Sustainable Development Papers 94736, Fondazione Eni Enrico Mattei (FEEM).
    2. Julien Hay, 2010. "How efficient can international compensation regimes be in pollution prevention? A discussion of the case of marine oil spills," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 10(1), pages 29-44, March.
    3. Gérard Mondello, 2012. "Strict Liability, Capped Strict Liability, and Care Effort under Asymmetric Information," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 168(2), pages 232-251, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:marpol:v:32:y:2008:i:4:p:592-606. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/marpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.