IMPLEMENTING EFFECTIVE REGIONAL OCEAN GOVERNANCE: PERSPECTIVES FROM ECONOMICS

摘要

Implementing the USCOP's recommended regional governance structures will require new laws, policies, and institutions for ecosystem-based management. It will involve consolidation of ocean and coastal programs and implementation of interagency ecosystem-based management approaches. The USCOP recommends that these structures be designed to promote innovation, learning, and adaptation as well as to realize full economic potential of the ocean's resources and accommodate ocean resource users. This paper has outlined some institutional design problems inherent in this recommendation. A number of well-established institutional incentive problems are described. Pacific salmon is presented as an example of a complex governance structure that embodies the full range of incentive problems.