publications

 

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August 2010 – The BP Deepwater Horizon oil spill in the Gulf of Mexico is a disaster of unprecedented proportions. The commercial and natural resources damages that will arise from the spill may ultimately be of similarly unprecedented proportions. The Exxon Valdez oil spill in 1989 is often compared as the closest, if imperfect, historical example of how the Gulf spill will be treated. After the Exxon Valdez spill, fishermen claimed pure economic damages related to alleged depression of seafood prices in addition to losses from forgone catch in closed fisheries. These types of pure economic losses are allowed under the Oil Pollution Act of 1990 and are likely to be among those litigated in the BP Deepwater Horizon spill. To quantify such claims, it will be necessary to estimate the seafood prices that would have prevailed if the spill had not occurred. A study prepared for the Trans-Alaska Pipeline Liability Fund after the Exxon Valdez spill undertook a comprehensive, multi-model estimation of price effects for twelve species of seafood in several fisheries at different levels of production. It based the estimation of price effects on the fundamental supply and demand forces that determine prices of Alaska seafood. This modeling approach could serve as a template for the pure economic losses arising from the BP Deepwater Horizon oil spill.

July 2004 – Benefits of Bundling and Costs of Unbundling Cable Networks

July 2004 – The Fair Market Value of Local Cable Retransmission Rights for Selected ABC Owned Stations

January 2003 – FCC Broadcast Ownership Proceeding: Economic Studies A – H

May/June 1999 – Telecommunications Network Elements with Market Power

July 1998 – Structural and Behavioral Analysis of the Newspaper-Broadcasting Cross-Ownership Rules

February 1997 – An Empirical Investigation of the Scope of Competition among Newspaper, Radio, Television and Other Advertising Media

February 1997 – Television-Radio Cross Ownership, Concentration and Voices in the Top 50 DMAs

March 7, 1995 – An Economic Analysis of the Prime Time Access Rule

September 23, 1994 – Comments on the Economic Content of Panama’s Draft Antitrust Law

May 17, 1994 – An Economic Analysis of the Broadcast Television National Ownership, Local Ownership and Radio Cross-Ownership Rules

June 30, 1992 – Antitrust Law in Argentina (English and Spanish)