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Negative Externalities and Oil Spills: A Case for Reduced BrandValue to the State of Florida

Published online by Cambridge University Press:  26 January 2015

Sherry L. Larkin ,
Ray G. Huffaker  and
Rodney L. Clouser
Sherry L. Larkin
Affiliation:
Department of Food and Resource Economics at the University of Florida, Gainesville, Florida
Ray G. Huffaker
Affiliation:
Department of Food and Resource Economics at the University of Florida, Gainesville, Florida
Rodney L. Clouser
Affiliation:
Department of Food and Resource Economics at the University of Florida, Gainesville, Florida
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Extract

Despite recent advances in measuring and compensating for environmentaldamages, several challenges remain. States have a vested interest inclaiming economic damages, especially those that reduce the value ofinvestments. Because place-brand values are considered personal property,Florida may seek additional compensation from the Deepwater Horizon oil spill.

Keywords

brandingnonmarket valuationOil Spill Pollution ActreputationK32Q51
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 45 , Issue 3 , August 2013 , pp. 389 - 399
Copyright
Copyright © Southern Agricultural Economics Association 2013

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