Environmental accidents and stigmatized fish prices: Evidence from the prestige oil spill in Galicia

Autores/as

  • Rocío Domínguez Álvarez Departamento de Fundamentos da Análise Económica, Universidade de Santiago de Compostela.
  • María L. Loureiro Departamento de Fundamentos da Análise Económica, Universidade de Santiago de Compostela.

DOI:

https://doi.org/10.7201/earn.2013.02.05

Palabras clave:

Economic damages, fisheries, Galicia, hedonic prices, Prestige oil spill.

Resumen

Assessing the economic damages and their temporal dimension caused by oil spills is very important. In the present paper, we analyze the stigma effect caused in fish markets, in the North West coast of Spain (Galicia) after the Prestige oil spill. Specifically, we focus on pelagic fish species which represent a relevant market share in Galicia. The results show that printed media surrounding the accident had a statistically significant role in the evolution of fish prices. Two types of stigma were found: temporal
and geographical stigma. Our results conclude that there is persistence of environmental effects after the spill.

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Publicado

2014-01-02

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