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Splitting nuclear parks or not? The third party liability role

Author

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  • Gérard Mondello

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper studies how the combination of strict liability regime, a stringent control from regulatory agencies and insurance companies could help in defining the highest prevention level concerning ultra-hazardous industries. It presents a model extended from two to n nuclear power stations and shows that the institutional conditions (cap on operator's liability and insurance compensation) play a fundamental role in inducing whether or not to centralize the management of a nuclear park. It reaches conclusive results in defining the critical ratios that induce either a centralized or a decentralized management.

Suggested Citation

  • Gérard Mondello, 2015. "Splitting nuclear parks or not? The third party liability role," Post-Print hal-01251422, HAL.
    • Handle: RePEc:hal:journl:hal-01251422
    DOI: 10.1016/j.eneco.2015.08.016
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    limited liability; concentration; Strict liability; Electric Energy; nuclear plants;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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