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Ocean zoning, first possession and Coasean contracts

Author

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  • Edwards, Steven

Abstract

Governments are being asked to integrate uses of ocean resources and space by developing comprehensive zoning plans. The current, sectoral practice establishes individual areas, such as marine protected areas, that satisfy constituents' first-possession strategies to claim de facto ownership, but the zones are not integrated. Also, the emphasis on exclusive-use zoning to minimize spillovers in both approaches is costly when the value of excluded production is greater than spillover damages. Alternatively, property rights could be allocated to claimants and exchanged in contracts that internalize spillovers, account for all sources of value, and result in an optimal pattern of mixed-use and exclusive-use zones.

Suggested Citation

  • Edwards, Steven, 2008. "Ocean zoning, first possession and Coasean contracts," Marine Policy, Elsevier, vol. 32(1), pages 46-54, January.
    • Handle: RePEc:eee:marpol:v:32:y:2008:i:1:p:46-54
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    Cited by:

    1. Lu, Wen-Hai & Liu, Jie & Xiang, Xian-Quan & Song, Wei-Ling & McIlgorm, Alistair, 2015. "A comparison of marine spatial planning approaches in China: Marine functional zoning and the marine ecological red line," Marine Policy, Elsevier, vol. 62(C), pages 94-101.
    2. Hoagland, P. & Dalton, T.M. & Jin, D. & Dwyer, J.B., 2015. "An approach for analyzing the spatial welfare and distributional effects of ocean wind power siting: The Rhode Island/Massachusetts area of mutual interest," Marine Policy, Elsevier, vol. 58(C), pages 51-59.

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