Environmental accidents and stigmatized fish prices: evidence from the Prestige oil spill in Galicia

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...

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Detalles Bibliográficos
Autores: Domínguez Álvarez, Rocío, Loureiro García, María Luz
Tipo de recurso: artículo
Fecha de publicación:2013
País:España
Institución:Universidad de Santiago de Compostela (USC)
Repositorio:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
Idioma:inglés
OAI Identifier:oai:minerva.usc.gal:10347/45977
Acceso en línea:https://hdl.handle.net/10347/45977
Access Level:acceso abierto
Palabra clave:Economic damages
Fisheries
Galicia
Hedonic prices
Prestige oil spill
Daños económicos
Pesquerías
Precios hedónicos
Vertido de petróleo del buque Prestige
Descripción
Sumario: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