User Rights for Ocean Ecosystem Conservation

Gary Libecap

No 32079, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Non-target marine fish species and ocean ecosystems are increasingly valuable. Ongoing efforts to preserve them emphasize spatial controls on human entry and use via Marine Protected Areas (MPAs). They cover 7.6% of world oceans and aim for 30% by 2030 under the Convention for Biological Diversity (CBD) and International Union for Conservation of Nature (IUCN). MPAs are Pigouvian-style, polluter-pays, controls with rare direct compensation and uncertain projected fishery benefits. Under this policy design, they impose differential economic costs and benefits and likely are inequitable. Absent economic cost/benefit analysis at inauguration, they may be too large, extensive, and restrictive. In the empirical cases below, MPAs are controversial with political pushback, threatening long-term conservation. User rights and Coasean bargaining may avoid some of these outcomes.

JEL-codes: H41 K32 L38 N5 Q22 Q57 (search for similar items in EconPapers)
Date: 2024-01
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