WMST 2000 Lecture Notes - Lecture 6: Fisheries Management, Overfishing, Political Ecology

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Evidence and research suggest that there are social and collective benefits to be gained from the commons: trajedy of the common: premis people seek individual gain, no collective gain, reality: can. History: fisheries managed collectively die to their complicated nature. Degredation of fisheries is usually explained using the tragedy of the commons. Decrease in demand leads to less scarcity and lower prices. Natural effect of market, neutrality will send out right. Costs/benefits from economic transaction/activity that are bit figured ubti the price of goods/services: ex. Effects of pollution from industry are not figured into price of goods/services provided: cost of site remediation not considered when determining price, value of lost ecosystem and functions of goods being sold. If costs were included, costs would increase, consumption may decrease firms would have incentive to invest in new clean technolog. By including cost of externalities in costs in privatization. Incentivize behavior but assumes a willingness to pay.

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