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User Rights for Ocean Ecosystem Conservation

Author

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  • Gary D. Libecap
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.

Suggested Citation

  • Gary D. Libecap, 2024. "User Rights for Ocean Ecosystem Conservation," NBER Working Papers 32079, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:32079
    Note: DAE EEE
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    More about this item

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy
    • N5 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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