Optimal failure rates and penalty-bonus policies in the offshore petroleum sector
Author
Abstract
Suggested Citation
DOI: 10.1007/BF00376830
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Arthur, W B, 1981. "The Economics of Risks to Life," American Economic Review, American Economic Association, vol. 71(1), pages 54-64, March.
- Steven Shavell, 2003.
"Economic Analysis of Accident Law,"
NBER Working Papers
9694, National Bureau of Economic Research, Inc.
- Steven Shavell, 2003. "Economic Analysis of Accident Law," NBER Working Papers 9483, National Bureau of Economic Research, Inc.
- Reed, William J., 1984. "The effects of the risk of fire on the optimal rotation of a forest," Journal of Environmental Economics and Management, Elsevier, vol. 11(2), pages 180-190, June.
- Segerson, Kathleen, 1989. "Risk and incentives in the financing of hazardous waste cleanup," Journal of Environmental Economics and Management, Elsevier, vol. 16(1), pages 1-8, January.
- Steven Shavell, 1983. "Liability for Harm Versus Regulation of Safety," NBER Working Papers 1218, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Jon Strand, 1994.
"Environmental accidents under moral hazard and limited firm liability,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(5), pages 495-509, October.
- Strand, J., 1992. "Environmental Accidents Under Moral Hazard and Limited Firm Liability," Memorandum 1992_022, Oslo University, Department of Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Edward L. Glaeser & Andrei Shleifer, 2003.
"The Rise of the Regulatory State,"
Journal of Economic Literature, American Economic Association, vol. 41(2), pages 401-425, June.
- Edward L. Glaeser & Andrei Shleifer, 2001. "The Rise of the Regulatory State," Harvard Institute of Economic Research Working Papers 1934, Harvard - Institute of Economic Research.
- Glaeser, Edward Ludwig & Shleifer, Andrei, 2003. "The Rise of the Regulatory State," Scholarly Articles 30747197, Harvard University Department of Economics.
- Edward L. Glaeser & Andrei Shleifer, 2001. "The Rise of the Regulatory State," NBER Working Papers 8650, National Bureau of Economic Research, Inc.
- Ephraim Clark & Gérard Mondello, 2000.
"Water Management in France: Delegation and Irreversibility,"
Journal of Applied Economics, Universidad del CEMA, vol. 3, pages 325-352, November.
- Ephraim Clark & Gérard Mondello, 2000. "Water Management in France: Delegation and Irreversibility," Journal of Applied Economics, Taylor & Francis Journals, vol. 3(2), pages 325-352, November.
- G.G.A. de Geest & G. Dari Mattiacci, 2005. "Soft Regulators, tough judges," Working Papers 05-06, Utrecht School of Economics.
- Dhammika Dharmapala & Sandra A. Hoffmann, 2005.
"Bilateral Accidents with Intrinsically Interdependent Costs of Precaution,"
The Journal of Legal Studies, University of Chicago Press, vol. 34(1), pages 239-272, January.
- Dhammika Dharmapala & Sandra A. Hoffmann, 2002. "Bilateral Accidents with Intrinsically Interdependent Costs of Precaution," Working papers 2002-11, University of Connecticut, Department of Economics.
- Guiseppe Dari Mattiaci & F. Parisi, 2003. "The Economics of Tort Law: A Précis," Working Papers 03-13, Utrecht School of Economics.
- Schou, Erik & Jacobsen, Jette Bredahl & Kristensen, Kristian Løkke, 2012. "An economic evaluation of strategies for transforming even-aged into near-natural forestry in a conifer-dominated forest in Denmark," Forest Policy and Economics, Elsevier, vol. 20(C), pages 89-98.
- Gregory S. Amacher & Erkki Koskela & Markku Ollikainen, 2004. "Deforestation, Production Intensity and Land Use under Insecure Property Rights," CESifo Working Paper Series 1128, CESifo.
- Deegen, Peter & Matolepszy, Kai, 2015. "Economic balancing of forest management under storm risk, the case of the Ore Mountains (Germany)," Journal of Forest Economics, Elsevier, vol. 21(1), pages 1-13.
- Couture, Stéphane & Reynaud, Arnaud, 2011.
"Forest management under fire risk when forest carbon sequestration has value,"
Ecological Economics, Elsevier, vol. 70(11), pages 2002-2011, September.
- Stéphane Couture & Arnaud Reynaud, 2009. "Forest Management Under Fire Risk When Forest Carbon Sequestration Has Value," LERNA Working Papers 09.09.285, LERNA, University of Toulouse.
- Couture, Stéphane & Reynaud, Arnaud, 2009. "Forest Management under Fire Risk when Forest Carbon Sequestration Has Value," TSE Working Papers 09-005, Toulouse School of Economics (TSE).
- Rakotoarison, Hanitra & Loisel, Patrice, 2016. "The Faustmann model under storm risk and price uncertainty: A case study of European beech in Northwestern France," MPRA Paper 85114, University Library of Munich, Germany.
- Hoffmann, Sandra & Hanemann, W. Michael, 2005.
"Torts and the Protection of "Legally Recognized" Interests,"
RFF Working Paper Series
dp-05-21, Resources for the Future.
- Hoffmann, Sandra A. & Hanemann, W. Michael, 2005. "Torts and the Protection of 'Legally Recognized Interests'," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1j8691zn, Department of Agricultural & Resource Economics, UC Berkeley.
- Hoffmann, Sandra A. & Hanemann, W. Michael, 2005. "Torts and the Protection of "Legally Recognized Interests"," CUDARE Working Papers 7200, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Hoffmann, Sandra A. & Hanemann, W. Michael, 2005. "Torts and the Protection of "Legally Recognized" Interests," Discussion Papers 10472, Resources for the Future.
- Holgén, Per & Bostedt, Göran, 2004. "Should planting of broad-leaved species be encouraged at the expense of spruce? An economic approach to a current southern Swedish forestry issue," Journal of Forest Economics, Elsevier, vol. 10(3), pages 123-134, November.
- Stefan Felder, 2006. "Lebenserwartung, medizinischer Fortschritt und Gesundheitsausgaben: Theorie und Empirie," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 7(s1), pages 49-73, May.
- Al Abri, Ibtisam H. & Grogan, Kelly A. & Daigneault, Adam, 2017. "Optimal Forest Fire Management with Applications to Florida," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258568, Agricultural and Applied Economics Association.
- Roosen, Jutta & Hennessy, David A., 2001.
"An Equilibrium Analysis Of Antibiotics Use And Replanting Decisions In Apple Production,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(2), pages 1-15, December.
- Hennessy, David A. & Roosen, Jutta, 2001. "Equilibrium Analysis of Antibiotic Use and Replanting Decisions in Apple Production, An," Staff General Research Papers Archive 10067, Iowa State University, Department of Economics.
- Salant, Stephen W. & Yu, Xueying, 2013.
"The Effect of Stochastic Oscillations in Property Rights Regimes on Forest Output in China,"
RFF Working Paper Series
dp-13-08, Resources for the Future.
- Salant, Stephen W. & Yu, Xueying, 2014. "The Effect of Stochastic Oscillations in Property Rights Regimes on Forest Output in China," RFF Working Paper Series dp-13-08-rev, Resources for the Future.
- Sohngen, Brent & Tian, Xiaohui, 2016. "Global climate change impacts on forests and markets," Forest Policy and Economics, Elsevier, vol. 72(C), pages 18-26.
- Warziniack, Travis & Sims, Charles & Haas, Jessica, 2019. "Fire and the joint production of ecosystem services: A spatial-dynamic optimization approach," Forest Policy and Economics, Elsevier, vol. 107(C), pages 1-1.
- Matta, Jagannadha R. & Alavalapati, Janaki R.R. & Stainback, George A., 2009. "Effect of conserving habitat for biodiversity on optimal management of non-industrial private forests in Florida," Journal of Forest Economics, Elsevier, vol. 15(4), pages 223-235, December.
- Wang, Yuhan & Lewis, David J., 2024. "Wildfires and climate change have lowered the economic value of western U.S. forests by altering risk expectations," Journal of Environmental Economics and Management, Elsevier, vol. 123(C).
More about this item
Keywords
Petroleum-production; failure rates; penalty-bonus policies;All these keywords.
Statistics
Access and download statisticsCorrections
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:kap:enreec:v:2:y:1992:i:5:p:469-489. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.