MEASURES OF THE POTENTIAL ECONOMIC LOSS FROM OIL POLLUTION
Published Date: June 1, 1974
The specific problem addressed is that of empirically estimating the potential impact of a large scale oil spill into the public waters on the economy of a nearby coastal community. Taking two areas as case studies, the sensitivity of their economies to exogenous changes in income is estimated using an economic base model. The potential is then calculated from the amount of income directly susceptible to oil pollution damages.
