Accession Number:

AD0722376

Title:

Economic Principles of Liability and Financial Responsibility for Oil Pollution,

Descriptive Note:

Corporate Author:

CENTER FOR NAVAL ANALYSES ARLINGTON VA

Personal Author(s):

Report Date:

1971-03-01

Pagination or Media Count:

34.0

Abstract:

The paper examines the economic issues involved in the imposition of liability for the damages caused by disasters in general and major oil spills in particular. The conclusions reached are the following Unlimited liability with absolute fault is to be preferred to limited liability when one takes the welfare of society as a whole into account It may be desirable to levy fines on polluters above payment of damages Oil companies do not have a right to carry on polluting activities and The government should make certain that financial responsibility is provided for. Author

Subject Categories:

  • Water Pollution and Control

Distribution Statement:

APPROVED FOR PUBLIC RELEASE