How efficient can International compensation regimes be in pollution prevention? A discussion of the case of marine oil spills
Résumé
This paper studies the detterent effect of the compensation regime defined by the CLC and FUND convention in the fiels of marine oil pollution, taking into account its voluntary nature. We apply to the case of oil pollution compensation a model derived from the economic analysis of international environmental agreements. We analyse the deterrent impact of a self-enforcing international compensation regime. We show in particular that the preventive effect of such compensation regime is a negative function of (i) the number of countries at stake in the fiels of oil pollution and (ii) the financial compensation limits.