Jin, Di; Kite-Powell, Hauke; Broadus, James - In: Environmental & Resource Economics 4 (1994) 6, pp. 555-580
Marine pollution associated with shipping accidents has resulted in a Congressional mandate for double hulls on tankers in U.S. waters. In this paper, we formulate a social planner's problem using optimal control theory to examine the relative cost-effectiveness of double hulls and alternative...