“Post OPA-90 Vessel Oil Spill Differentials: Transfers Versus Vessel Accidents”
Dr. Wayne Talley
Department of Economics
Old Dominion University
Monday, January 31, 2005
3:30 PM
Room 109, Crittenton Hall
Abstract
This study, which is a cooperative effort with D. Jin and H. Kite-Powell at the
Woods Hole Oceanographic Institution Marine Policy Center, investigates vessel oil
spill differentials for transfer and vessel-accident spills for the post OPA-90 period.
In-water and out-of-water transfer/vessel-accident oil spill equations are estimated,
utilizing tobit regression analysis and data of individual vessel oil spills (of oil-cargo
and non-oil-cargo vessels) investigated by the U.S. Coast Guard for the 1991-95 period.
In the data, 47.5% (94.1%) of in-water (out-of-water) gallons of oil spilled were transfer
spills; non-oil-cargo vessels accounted for 44.2% of all gallons spilled. The estimation
results suggest that out-of-water transfer spills are larger in size than out-of-water
vessel-accident spills, but are similar in size for in-water spills. The policy implication
of the results is that a vessel oil spill-reduction differentiation regulatory regime is
needed that differentiates between transfer and vessel-accident spills and in-water and
out-of-water spills for reducing vessel oil spills.
Biography
Dr. Wayne K. Talley is Professor of Economics at Old Dominion University, where
he is the Executive Director of the Maritime Institute and holds the designations
of Eminent Scholar and the Frederick W. Beazley Professor of Economics. In 2003,
he received Old Dominion University’s Outstanding Faculty Research Award. He is an
internationally recognized transportation economist, having published five transportation
books, chapters in sixteen other books and over 100 papers in refereed journals. He has
held visiting domestic positions at the: 1) Woods Hole Oceanographic Institution; 2) U.S.
Department of Transportation; and 3) Interstate Commerce Commission and international
positions at: 1) Oxford University (England); 2) University of Sydney (Australia); 3)
University of Antwerp (Belgium); and 4) City University (London). He is the Editor-in-Chief
of Transportation Research E: Logistics and Transportation Review (an international refereed
tier-1 journal in transportation, logistics and supply chain management.)
Reception before seminar at 3:00 PM
Crittenton Hall
Old Dominion University
Norfolk, VA 23529
757-683-5548
Last updated 1/10/2005.
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