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CO‐DEVELOPMENT OF COASTAL RESOURCES: OIL vs. MARICULTURE
Author(s) -
CASWELL MARGRIET F.
Publication year - 1991
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.1991.tb00322.x
Subject(s) - mariculture , externality , lease , resource (disambiguation) , natural resource economics , economics , environmental economics , business , environmental resource management , microeconomics , fishery , computer science , fish <actinopterygii> , finance , aquaculture , computer network , biology
Leasing coastal areas so as to develop a single resource is wasteful and often leads to conflicts. Some uses impose negative externalities on other resource‐dependent uses, but such externalities should not preclude co‐development a priori. This paper describes a theoretical economic model of joint development for energy resources and mariculture showing the scientific data necessary so as to determine the optimal output for each activity in every location and to choose the optimal lease boundaries.