Incentives to Conserve Marine Biodiversity
Practitioners of marine biodiversity conservation are progressively turning to approaches based on incentives. They hope it is going to persuade people to modify behaviors that negatively affect natural habitat and marine biodiversity. The government took too long to get involved, but now they are. More hope is visible as far as saving marine life is the discussion. The essay discusses incentives to conserve marine biodiversity within the framework of impure public goods by analyzing externalities, technology and economic incentives involved.
Impure Public Goods
Goods that are consumed by everyone in society or no one at all are referred to as public goods. ...