01264pab a2200157 454500008004000000100002900040245008800069260000900157300001300166520078400179650002100963650002200984650001401006700002101020773006501041180718b1998   xxu||||| |||| 00| 0 eng d  aGouliehnos, Alexander M.  aTreatment of uncompensated cost of marine accidents in a model of welfare economics  c1998  ap.183-87  aAttempts to determine the main economic principles that should underline the policies towards safety of ships, cargoes and persons. They applied a model from welfare economics through which they established an "acceptable" or "optimum" level of marine accidents at a point where marginal cost of preventing marine accidents equals the marginal costs of fewer marine accidents. Using mainly graphical analysis they tested whether the Oil Pollution Act is a policy measure in the right direction or not. Similar insights were made for the International Safety Code of IMO which tries to establish quality in shipping through reducing marine accidents (and preventing pollution). This application, to the best of the authors' knowledge, was performed forthe first time. - Reproduced  aMarine transport  aHealth and safety  aAccidents  aGiziakis, Kostas  aDisaster Prevention and Management: an International Journal