The Economics of a Disaster: The Exxon Valdez Oil Spill

By Bruce M. Owen; David A. Argue et al. | Go to book overview

THE ECONOMICS OF A DISASTER The Exxon Valdez Oil Spill

Bruce M. Owen, David A. Argue, Harold W. Furchtgott-Roth, Gloria J. Hurdle, and Gale Mosteller

Q

QUORUMBOOKS

Westport, Connecticut London

-iii-

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The Economics of a Disaster: The Exxon Valdez Oil Spill
Table of contents

Table of contents

  • Title Page iii
  • Copyright Acknowledgment v
  • Contents vii
  • Figures and Tables ix
  • Acknowledgments xiii
  • Introduction 1
  • Notes 5
  • 1 - The Effect of Disasters on Prices of Goods and Services: An Economic Framework 7
  • Conclusion 16
  • Notes 17
  • 2 - Measuring the Effect of the Exxon Valdez Oil Spill on Alaskan Seafood Prices 19
  • Notes 27
  • 3 - Industry Background 29
  • Conclusion 59
  • Notes 59
  • 4 - Qualitative Evidence Concerning Price Effects 65
  • Conclusion 79
  • Notes 79
  • 5 - Japanese Consumer Demand 85
  • Conclusion 89
  • Notes 89
  • 6 - Salmon Benchmark Studies 91
  • Conclusion 97
  • Notes 98
  • Conclusion 108
  • Notes 109
  • 8 - Salmon Processor Prices 111
  • Conclusion 121
  • Notes 122
  • 9 - Non-Salmon Species Studies 125
  • Notes 141
  • 10 - Supply Effects 145
  • Conclusion 151
  • Notes 152
  • 11 - Fishing Permit Values 153
  • Conclusion 161
  • Notes 161
  • 12 - Summary of Results 163
  • Notes 171
  • 13 - Conclusion 181
  • Appendix 1 A Brief Description of Statistical Terminology 183
  • Appendix 2 Modeling Japanese Consumer Demand 187
  • Appendix 3 Reduced Form Model for Alaskan Salmon 191
  • Notes 192
  • Appendix 4 Supply Effects 193
  • Notes 193
  • Selected Bibliography 195
  • Index 197
  • About the Authors 201
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