Inderscience Publishers

An empirically tractable model of optimal oil spills prevention in Russian sea harbours

0
Based on previous theoretical work by Gottinger (1997, 1998), we propose a simple model of optimal monitoring of oil-related activities in harbour areas that is suitable for empirical estimation within the Russian— Ukrainian context, in spite of the poor availability of data in these countries. Specifically, the model indicates how to best allocate at the steady state a given monitoring budget between different monitoring activities. An approximate analytical solution to the optimisation problem is derived, and a simple procedure for estimating the model on the basis of the actually available data is suggested. An application using data obtained for several harbours of the Black and Baltic Seas is given. It suggests that the current Russian monitoring practice could be much improved by better allocating the available monitoring resources.

Keywords: environmental policy, minimisation, oils spills, optimal monitoring, Russia, Ukraine, environmental pollution, Baltic Sea, Black Sea, monitoring, marine pollution

Customer comments

No comments were found for An empirically tractable model of optimal oil spills prevention in Russian sea harbours. Be the first to comment!