Boom-and-Bust Shrimp Aquaculture; a Feebate Policy for Sustainability

摘要

Well intentioned policies which fail to perceive environmental feedback oftenexacerbate over-exploitation of renewable natural resources, especially when theresource exploitation is driven by powerful market forces. The purpose of this paperis to consider such a situation, the world shrimp aquaculture industry, and to exploreone localized case where a policy intervention of “feebate” may offer a potentialbalancing effect.