It is an unfortunate truth that our oceans offer valuable resources that are too often used unsustainably. Time and again this is due to the failure of international law to provide a framework for adequate governance. Economics of the Oceans examines this issue and provides a comprehensive study of ocean uses from the perspectives of law and economics.

Themes covered in the book include ocean governance, the economics of oceanic resource exploitation, offshore oil, coral reefs, shipwrecks and maritime piracy. Analytical techniques such as basic game theory, environmental economics of the commons and cost-benefit analysis are employed to illuminate the topics.

This book will be of interest to students of environmental economics, natural resource economics and management, and the economics of international law as relating to the oceans.

part I|14 pages


chapter 1|12 pages

Ocean Resources, Ocean Governance

part II|39 pages

Historic wrecks, modern pirates

part III|28 pages


chapter 5|8 pages

Enclosure of the Oceans

part IV|27 pages

Fisheries economics

chapter 8|11 pages

Economics of the Fishery

chapter 9|14 pages

Management of Fish Stocks

part V|52 pages

Fisheries regime formation

chapter 11|9 pages

International Negotiations

Successes and failures

chapter 13|10 pages

Managing High Seas Fisheries

part VI|12 pages

Marine mammals

chapter 15|10 pages

Whales – Crashing Numbers, Clashing Values

part VII|40 pages

Coral reefs, marine protected areas, wetlands

chapter 16|13 pages

Coral Reef Economics

chapter 18|12 pages

Contractual Difficulties in Environmental Management

The case of United States wetland mitigation banking 1

part VIII|16 pages


chapter 19|8 pages

Oceans and Non-Point Source Pollution

chapter 20|6 pages

Oil Pollution from Ships

part IX|30 pages