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How Unique Are the Price–Anderson Limitations on Nuclear Accident Liability?

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  • Kenneth A. Solomon

Abstract

In this paper we extend the work reported in prior studies. The conclusion drawn from the aggregate of those studies was that the limitation on liability imposed by the Price–Anderson Act for a catastrophic accident at a nuclear power plant ($560 million) is comparable to de facto limitations on recovery following catastrophic events in many other industries. The analysis in those reports was at a high level of abstraction, comparing almost exclusively the potential loss from high consequence accidents with the current assets of major firms in relevant industries. We found that potential loss exceeded assets.

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  • Kenneth A. Solomon, 1983. "How Unique Are the Price–Anderson Limitations on Nuclear Accident Liability?," Risk Analysis, John Wiley & Sons, vol. 3(1), pages 51-62, March.
    • Handle: RePEc:wly:riskan:v:3:y:1983:i:1:p:51-62
    DOI: 10.1111/j.1539-6924.1983.tb00105.x
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