As written by Rodrigo & Perrings (2011), te focus is on the category of services that are international and public (799). Tis category of services must possess the following features: I is critical to comprehend the IEPGs goods) technology of supply, i order to create the suitable incentives. Tere are three forms of public goods supply technologies, nmely, wakest link, aditive and best shot. I the case of additive public goods, te socially convenient amount Y of a public good is the ‘simple sum’ of different quantities, y, m individual countries taking part, terefore, i 1, ….
m(Rodrigo & Perrings 799). A excellent example of simple sum public good is the carbon sequestration where every unit of carbon sequestered has identical value regardless of where it happens. O the other hand, wighted sum public goods, fr instance, evironment safeguarding, is characteristics determine the contribution of each hectare preserved. I the case of best-shot public goods, te most efficient provider determines the benefits to the participating countries. Agood example is the CDC (Centers for Disease Control and Prevention), financed by the U.
Te CDC gives details on infectious diseases to various countries. A for the weakest link public goods, al participating countries’ benefits are restricted to the less efficient provider. Fr example, te standard of protection of tuberculosis and HIV, i all countries is the same level. Tis is the same as the control in least well-coordinated, dnsely populated and poorest country (Rodrigo & Perrings 799). I relation to marine biodiversity conservation, te habitat should be protected for the sake of the future generation. I is to cases where people know that the wildlife existed but have no hope of seeing them (Bulte, Koten, &Swanson 1).
Te property rights should be secure, t prevent overexploitation of marine wildlife that may lead to exhaustion of the resources. Tere is a difference between what is optimum from the view of global or country and the point of view of individual or community. I is, terefore, cucial to utilize the ‘economic instruments’ to address the different perspectives. Fom this perspective, te government has three options; a ordinary and values, control and command, ad, c economic incentives.
Te economic incentives play an important role in. ..
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