Oil Spillage and Damage Costs: U.S. Inland Waterway Tank Barge Accidents
This study investigates determinants of the oil spillage, vessel damage, and other-property damage costs of United States (U.S.) inland waterway tank barge accidents and their relationships. The tobit estimation of a three-equation recursive model suggests that type of accident, cause of accident, operating conditions, vessel characteristics, and regulation are determinants. Collision accidents incur the largest oil spillage and vessel damage costs, whereas fire/explosion accidents incur the largest other-property damage costs. A dollar of vessel damage cost increases other-property damage cost by $0.51, whereas a dollar of oil spillage increases this cost by $9.13. An important result for formulating tank barge accident cost-reduction policies is that a given determinant might cause an increase in one damage cost but reduce another.
- Record URL:
- Find a library where document is available. Order URL: http://worldcat.org/issn/13881973
- © Palgrave Macmillan Ltd 2000.
- Talley, Wayne K
- Publication Date: 2000-7
- Media Type: Web
- Pagination: pp 217-234
- TRT Terms: Barge operations; Costs; Crash types; Inland waterways; Loss and damage; Oil spills; Ships; Water transportation crashes
- Subject Areas: Economics; Environment; Marine Transportation; Safety and Human Factors;
- Accession Number: 01608511
- Record Type: Publication
- Files: TRIS
- Created Date: Jun 27 2016 11:31AM