SPLITTING NUCLEAR PARKS OR NOT? THE THIRD PARTY LIABILITY ROLE

Autor: Gérard Mondello
Přispěvatelé: Université Côte d'Azur (UCA), Groupe de Recherche en Droit, Economie et Gestion (GREDEG), Université Nice Sophia Antipolis (... - 2019) (UNS), COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-Centre National de la Recherche Scientifique (CNRS), SRM
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Economics and Econometrics
concentration
Strict liability
nuclear plants
Electric Energy
Nuclear plant
jel:K23
Electric energy
Finance
Public economics
Third party
business.industry
Limited liability
Compensation (psychology)
Liability
Strict liability
Electric Energy
nuclear plants
limited liability
concentration
limited liability
Nuclear power
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
jel:L52
JEL: L - Industrial Organization
jel:Q5
jel:L94
JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics
General Energy
JEL: L - Industrial Organization/L.L5 - Regulation and Industrial Policy
jel:Q53
jel:L13
JEL: K - Law and Economics/K.K2 - Regulation and Business Law
jel:Q58
JEL: L - Industrial Organization/L.L9 - Industry Studies: Transportation and Utilities
Business
Zdroj: Energy Economics
Energy Economics, Elsevier, 2015, ⟨10.1016/j.eneco.2015.08.016⟩
ISSN: 0140-9883
Popis: Starting from the standard analysis of accident theory, this paper shows that determining the first-best level of care of ultra-hazardous activities also involves determining the best industrial structure. The analysis assesses the impact of the civil nuclear liability on the organization of given electro-nuclear parks. The object is to know whether these liability rules induce horizontally concentrating the management of nuclear industry or not. In a model extended from two to n plants, we show that the institutional conditions (cap on the operator’s liability and the insurance compensation) play a fundamental role in the inducement to centralize or not this management. Hence, a priori, no organization framework is more efficient than the other one.
Databáze: OpenAIRE
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