Environmental Liability, Marine Insurance and An Optimal Risk Sharing Strategy for Marine Oil Transport

摘要: Recent changes in the U.S. liability regime for oil pollution damage are precipitating a potential insurance crisis carriers operating waters. While rules can be useful causing transport industry to internalize costs of pollution, unlimited combined with uncertainty valuation result great society, including possible disruption supplies. We formulate model determine an optimal level risk-sharing between public and foreign tanker industry, show how socially limit determined.