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Lost Ecosystem Goods and Services as a Measure of Marine Oil Pollution Damages

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  • Boyd, James

    (Resources for the Future)

Abstract

The paper addresses the definition and measurement of liability for marine oil pollution accidents. The economic value of lost or injured ecosystem goods and services is argued to be the most legally, economically, and ecologically defensible measure of damages. This is easier said than done, however. Calculating lost ecological wealth with any precision is an enormous scientific and economic undertaking. The paper proposes practical ways to improve our future ability to calculate such losses.

Suggested Citation

  • Boyd, James, 2010. "Lost Ecosystem Goods and Services as a Measure of Marine Oil Pollution Damages," RFF Working Paper Series dp-10-31, Resources for the Future.
    • Handle: RePEc:rff:dpaper:dp-10-31
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    File URL: http://www.rff.org/RFF/documents/RFF-DP-10-31.pdf
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    References listed on IDEAS

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    1. Richard Carson & Nicholas Flores & Norman Meade, 2001. "Contingent Valuation: Controversies and Evidence," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(2), pages 173-210, June.
    2. H. Spencer Banzhaf & James Boyd, 2012. "The Architecture and Measurement of an Ecosystem Services Index," Sustainability, MDPI, vol. 4(4), pages 1-32, March.
    3. Boyd, James & Wainger, Lisa, 2003. "Measuring Ecosystem Service Benefits: The Use of Landscape Analysis to Evaluate Environmental Trades and Compensation," RFF Working Paper Series dp-02-63, Resources for the Future.
    4. Brent L. Mahan & BStephen Polasky & Richard M. Adams, 2000. "Valuing Urban Wetlands: A Property Price Approach," Land Economics, University of Wisconsin Press, vol. 76(1), pages 100-113.
    5. Boyd, James, 2007. "Nonmarket benefits of nature: What should be counted in green GDP?," Ecological Economics, Elsevier, vol. 61(4), pages 716-723, March.
    6. K. E. McConnell, 1992. "On-Site Time in the Demand for Recreation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(4), pages 918-925.
    7. Robert J. Johnston & Gisele Magnusson & Marisa J. Mazzotta & James J. Opaluch, 2002. "Combining Economic and Ecological Indicators to Prioritize Salt Marsh Restoration Actions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1362-1370.
    8. Sanchirico, James N. & Wilen, James E., 2001. "A Bioeconomic Model of Marine Reserve Creation," Journal of Environmental Economics and Management, Elsevier, vol. 42(3), pages 257-276, November.
    9. Sanchirico, James N. & Wilen, James E., 1999. "Bioeconomics of Spatial Exploitation in a Patchy Environment," Journal of Environmental Economics and Management, Elsevier, vol. 37(2), pages 129-150, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Zhu, Ling & Zhao, Ya Chao, 2015. "A feasibility assessment of the application of the Polluter-Pays Principle to ship-source pollution in Hong Kong," Marine Policy, Elsevier, vol. 57(C), pages 36-44.
    2. Craig Bullock & Robert O'Shea, 2016. "Valuing environmental damage remediation and liability using value estimates for ecosystem services," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 59(9), pages 1711-1727, September.

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    More about this item

    Keywords

    environmental liability; ecosystem services; marine pollution;
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