As written by Rodrigo & Perrings (2011), the focus is on the category of services that are international and public (799). This category of services must possess the following features:It is critical to comprehend the IEPGs goods) technology of supply, in order to create the suitable incentives. There are three forms of public goods supply technologies, namely, weakest link, additive and best shot. In the case of additive public goods, the socially convenient amount Y of a public good is the ‘simple sum’ of different quantities, yi, generated by m individual countries taking part, therefore, i= 1,…..m (Rodrigo & Perrings 799). An 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. On the other hand, weighted sum public goods, for instance, environment safeguarding, its characteristics determine the contribution of each hectare preserved.In the case of best-shot public goods, the most efficient provider determines the benefits to the participating countries. A good example is the CDC (Centers for Disease Control and Prevention), that is financed by the U. The CDC gives details on infectious diseases to various countries. As for the weakest link public goods, all participating countries’ benefits are restricted to the less efficient provider. For example, the standard of protection of tuberculosis and HIV, in all countries is the same level. This is the same as the control in least well-coordinated, densely populated and poorest country (Rodrigo & Perrings 799).In relation to marine biodiversity conservation, the habitat should be protected for the sake of the future generation. It is paramount to avoid cases where people know that the wildlife existed but have no hope of seeing them (Bulte, Kooten, & Swanson 1). The property rights should be secure, to prevent overexploitation of marine wildlife that may lead to exhaustion of the resources. There is a difference between what is optimum from the view of global or country and the point of view of individual or community. It is, therefore, crucial to utilize the ‘economic instruments’ to address the different perspectives. From this perspective, the government has three options; a) ordinary beliefs and values, b) control and command, and, c) economic incentives.The economic incentives play an important role in
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Bulte, Erwin H., G. Cornelis van Kooten, and Timothy Swanson. "Economic incentives and
wildlife conservation." CITES Workshop on Economic Incentives and Trade Policy, Geneva, Switzerland. 2003.
Kaul, Inge. Providing Global Public Goods: Managing Globalization. New York: Published for
the United Nations Development Project [by] Oxford University Press, 2003. Internet resource.
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