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Who gains from deep-sea mining?

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  • Foders, Federico

Abstract

The issue at stake at the Third United Nations Conference on the Law of the Sea was a new international distribution of ocean wealth along the lines of the so-called New International Economic Order. The best example of interventionism on the international mineral markets is the Convention's regime to govern seabed mining. This paper presents empirical estimates in an attempt to identify net winners and net losers resulting from ocean mining both under the Convention and under open access, and to contrast these outcomes with widely held beliefs concerning the distributional impact of seabed mining. Furthermore, it discusses the desirability and feasibility of loser compensation by the Seabed Authority.

Suggested Citation

  • Foders, Federico, 1984. "Who gains from deep-sea mining?," Kiel Working Papers 206, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:206
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    References listed on IDEAS

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    1. Clarkson, Kenneth W, 1974. "International Law, U.S. Seabeds Policy and Ocean Resource Development," Journal of Law and Economics, University of Chicago Press, vol. 17(1), pages 117-142, April.
    2. Wagenhals, Gerhard, 1983. "The impact of copper production from manganese nodules: A simulation study," Kiel Working Papers 192, Kiel Institute for the World Economy (IfW Kiel).
    3. Dick, Rolf & Gutberlet, Kurt-Ludwig, 1983. "Obligatorischer Technologietransfer im Tiefseebergbau nach der neuen Seerechtskonvention: Eine Wirkungsanalyse," Kiel Working Papers 186, Kiel Institute for the World Economy (IfW Kiel).
    4. Dick, Rolf, 1981. "Tiefseebergbau versus Landbergbau: Metallproduktion aus Manganknollen und Nickellateriterzen im Wirtschaftlichkeitsvergleich," Kiel Working Papers 131, Kiel Institute for the World Economy (IfW Kiel).
    5. Foders, Federico & Kim, Chungsoo, 1983. "A simulation model for the world manganese market," Kiel Working Papers 170, Kiel Institute for the World Economy (IfW Kiel).
    6. Foders, Federico, 1984. "The UN convention on the law of the sea: an inefficient public good supplied by an inefficient organization," Kiel Working Papers 204, Kiel Institute for the World Economy (IfW Kiel).
    7. Rafati, Mohammed R., 1982. "An econometric model of the world nickel industry," Kiel Working Papers 160, Kiel Institute for the World Economy (IfW Kiel).
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    Cited by:

    1. Foders, Federico, 1984. "The UN convention on the law of the sea: an inefficient public good supplied by an inefficient organization," Kiel Working Papers 204, Kiel Institute for the World Economy (IfW Kiel).

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