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Economic incentives, social norms, and the crisis of fisheries
Author(s) -
Jackson Jeremy B. C.
Publication year - 2007
Publication title -
ecological research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.628
H-Index - 68
eISSN - 1440-1703
pISSN - 0912-3814
DOI - 10.1007/s11284-006-0075-z
Subject(s) - incentive , sanctions , ecosystem services , economics , face (sociological concept) , natural resource economics , business , ecosystem , environmental resource management , public economics , economic system , political science , ecology , market economy , sociology , law , social science , biology
This year's Kyoto prize signals the long overdue recognition of the fundamental interdependence of economic and ecologic systems for the protection and maintenance of ecosystem services and human well‐being. Levin (2006) and Vincent (2007) point to several of the more important ways that interdisciplinary approaches will be essential to the better quantification and understanding of the economic contributions of ecosystem services, but they differ fundamentally in their relative faith in the evolution of new social norms versus economic incentives backed up by sanctions to achieve the necessary cooperation for environmental protection. In the case of marine fisheries, social norms have proven highly effective on small spatial scales but have not taken root in the face of increasingly global markets and free trade.