This paper offers an economic assessment of the loss of non-use values resulting from different oil spill scenarios along the Belgian Coast. Estimation results show that if no oil spill prevention policy action is undertaken, a significant welfare loss may result. As a matter of fact, contingent...

Government's timid reform will not solve chronic housing affordability problemsNot enough is being done to reduce the extraordinarily high cost of housing in Britain. This is the finding of a new report released today by the Institute of Economic Affairs Abundance of land, shortage of housing.In...

This paper is written in the style of a report from the future (the year 2035), or more precisely, from a possible future, in which Britain has successfully solved its housing crisis. Looking 'back', it tells the story of how this happened, and what the consequences were. It starts with a...

Recent major spills on European coasts have highlighted the primary policy relevance for the EU of oil spills. This paper assesses the risks related to carrying oil to the EU along the route from the Russian Black Sea coast to Sicily, Italy (one of the most congested and strategically relevant...

Das traditionelle Modell der Schaffung von Sicherheit und der Schadenregulierung in der Seeschiffahrt hat vor allem durch das Aufkommen "offener Register" zunehmend an Funktionsfähigkeit verloren. Zugleich stellt die stark erweiterte Bedeutung des Umweltschutzes neue, in diesem Umfang früher...

Harmful algal bIoom species are the cause of important damages to marine living resources and human beings. These marine species are primarily introduced in North-European waters through ballast water, i.e. water trans-ported across the oceans so as to keep a vessel in balance. Port authorities...

We study the Baltic Sea countries’ declaration to reduce nutrient loads by 50% in each country in an ecological-economic model. The model consists of country-based abatement cost functions, and transfer coefficients describing how phosphorus and nitrogen flow from one country to another, as...

Ocean acidification is increasingly recognized as a major global problem. Yet economic assessments of its effects are currently almost absent. Unlike most other marine organisms, mollusks, which have significant commercial value worldwide, have relatively solid scientific evidence of biological...

Marine and coastal ecosystems - and thus the benefits they create for humans - are subject to increasing pressures and competing usages. For this reason, the European Union (EU) adopted the Marine Strategy Framework Directive (MSFD), which is to guide future maritime policy in the EU and aims at...