Exploitation of Deep Ocean Minerals: Regulatory Mechanisms and United States Policy

ECONOMIC ANALYSIS IS USED TO DETERMINE (1)WHETHER SOME FORM OF REGULATION WILL PROMOTE THE ECONOMICALLY EFFICIENT EXPLOITATION OF THE RESOURCES, AND (2)IF SO, WHAT POWERS THE REGULATORY AUTHORITY SHOULD POSSESS. HOWEVER, MOST REGULATORY POLICIES WILL LEAD TO MONOPTIMAL RATES OF INVESTMENT AND EXPLOI...

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Veröffentlicht in:	The Journal of law & economics 1974-04, Vol.17 (1), p.143-177
1. Verfasser:	Eckert, Ross D.
Format:	Artikel
Sprache:	eng
Schlagworte:	Dredging ECOLOGY Economic costs Economic regulation FOREIGN POLICY INTERNATIONAL ECONOMICS INTERNATIONAL LAW LOCALE OF SUBJECT ACTIVITY IS AQUATIC Marine resources Metals mining Mineral industries Mineral resources Mining NATURAL RESOURCES Nodules Ocean floor Oceans POLITICAL DEVELOPMENT OR POLITICAL DEGENERATION PUBLIC POLICY Regulation Underwater operations UNITED STATES, 1945 TO PRESENT
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Zusammenfassung:	ECONOMIC ANALYSIS IS USED TO DETERMINE (1)WHETHER SOME FORM OF REGULATION WILL PROMOTE THE ECONOMICALLY EFFICIENT EXPLOITATION OF THE RESOURCES, AND (2)IF SO, WHAT POWERS THE REGULATORY AUTHORITY SHOULD POSSESS. HOWEVER, MOST REGULATORY POLICIES WILL LEAD TO MONOPTIMAL RATES OF INVESTMENT AND EXPLOITATION, AND THEREFORE ARE INFERIOR ON ECONOMIC GROUNDS TO A POLICY GUARANTEEING OPEN ACCESS.
ISSN:	0022-2186 1537-5285
DOI:	10.1086/466788