Fishery management, environmental protection and trade liberalization
Discusses marine environment management and maximization of the sustainable use and non-use values of the flow of goods and services generated by that environment. Expands on the traditional economic model of fishery management to include the protection of non-use values. Assesses international agreements made to include the protection of non-use values of the marine environment, and examines the conflict between GATT rules and unilateral attempts to protect existence values. Proposes solutions based on the full cost pricing principle.