On the Optimal Environmental Liability Limit for Marine Oil Transport
Jin, D. and H.L. Kite-Powell
Transportation Research Part E, Elsevier Science Ltd., Vol. 35, pp. 77-100, 1999 WHOI-R-99-001
Recent changes in the U.S. liability regime for oil pollution damage have intensified a policy debate about environmental liability limits. This paper focuses specifically on tanker shipping in U.S. waters and examines conditions under which solutions — no liability or unlimited liability — are desirable.