Economics of the oceans : rights, rents and resources / Paul Hallwood.
2014
K3485 .H35 2014 (Map It)
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Details
Author
Title
Economics of the oceans : rights, rents and resources / Paul Hallwood.
Published
Abingdon, Oxon ; New York, NY : Routledge, 2014.
Call Number
K3485 .H35 2014
ISBN
9780415639095 (hardback)
0415639093 (hardback)
9780415639118 (paperback)
0415639115 (paperback)
9780203083611 (ebook)
0415639093 (hardback)
9780415639118 (paperback)
0415639115 (paperback)
9780203083611 (ebook)
Description
xvi, 298 pages : illustrations ; 24 cm
System Control No.
(OCoLC)855264269
Summary
"This book provides a comprehensive introduction to the economic uses of oceanic resources, the rights to exploit them and the division of the economic rents, or surpluses, between, at one level, sovereign powers, and at another between individual users that use ocean space.Oceanic resources are diverse. Offshore oil deposits are the most valuable oceanic resource measured by the dollar value of annual production but other mineral resources including manganese, shale and sand are also important along with marine mammal resources, fisheries and sea birds.The laying of submarine cables, regulation of shipping, international economic law and pollution are all factors that impinge upon these resources and the author meticulously underlines how these competing interests interact with one another. An appendix providing a grounding in microeconomic theory helps illuminate the extremely diverse subject matter"-- Provided by publisher.
"It is an unfortunate truth that our oceans offer valuable resources that are too often used unsustainably. Time and again this is due to the failure of international law to provide a framework for adequate governance. Economics of the Oceans examines this issue and provides a comprehensive study of ocean uses from the perspectives of law and economics. Themes covered in the book include ocean governance, the economics of oceanic resource exploitation, offshore oil, coral reefs, shipwrecks and maritime piracy. Analytical techniques such as basic game theory, environmental economics of the commons and cost-benefit analysis are employed to illuminate the topics. This book will be of interest to students of environmental economics and natural resource management"-- Provided by publisher.
"It is an unfortunate truth that our oceans offer valuable resources that are too often used unsustainably. Time and again this is due to the failure of international law to provide a framework for adequate governance. Economics of the Oceans examines this issue and provides a comprehensive study of ocean uses from the perspectives of law and economics. Themes covered in the book include ocean governance, the economics of oceanic resource exploitation, offshore oil, coral reefs, shipwrecks and maritime piracy. Analytical techniques such as basic game theory, environmental economics of the commons and cost-benefit analysis are employed to illuminate the topics. This book will be of interest to students of environmental economics and natural resource management"-- Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references (pages 269-284) and index.
Record Appears in
Table of Contents
List of illustrations
xi
Preface
xv
Part I Introduction
1
1.
Ocean resources, ocean governance
3
Part II Historic wrecks, modern pirates
15
2.
Economic analysis of legal regimes governing salvage of historic shipwrecks
17
3.
The economics of maritime piracy
32
4.
Maritime piracy and international law
44
Part III Enclosure
55
5.
Enclosure of the oceans
57
6.
An economic analysis of drawing lines in the sea
65
7.
Division of economic rents in the Timor Gap
76
Part IV Fisheries economics
83
8.
Economics of the fishery
85
9.
Management of fish stocks
96
Part V Fisheries regime formation
111
10.
Impatience, ecology and fisheries regime formation
113
11.
International negotiations: Successes and failures
121
12.
Preponderant actors and the bargaining game
130
13.
Managing high seas fisheries
139
14.
How and why to make a fishery treaty ineffective
149
Part VI Marine mammals
163
15.
Whales - crashing numbers, clashing values
165
Part VII Coral reefs, marine protected areas, wetlands
175
16.
Coral reef economics
177
17.
Marine protected areas, optimal policing and optimal rent dissipation
190
18.
Contractual difficulties in environmental management: The case of United States wetland mitigation banking
203
Part VIII Pollution
215
19.
Oceans and non-point source pollution
217
20.
Oil pollution from ships
225
Part IX Minerals
231
21.
Taxing offshore oil and gas
233
22.
US royalty relief, rent sharing and offshore oil production
247
23.
Deep sea mining: Retrospect and prospect
252
Appendix: Benefit-cost analysis
261
Bibliography
269
Index
285