| Abstract |
Aquaculture is an economic activit y which is characterised by a great dependence on environmental conditions. Therefore, aquaculture development is subdued to institutional context which defines the rules for use and conservation of natural resources. This paper analyses the impact of marine environment regulations on economic operating of aquaculture enterprises and on industrial d ynamics. Because aquaculture enterprises use common goods, an economic approach of aquaculture has to take into account not only the relations between enterprises and environment, but also the relations between the enterprises themselves, through production externalities. In this study, several economic tools are considered in order to incite enterprises to integrate parr of the cost of their effects on the environment. Public policies have also to take into account the youth of the activity, the specific economic situation of the enterprises and the place of aquaculture in global coastal management. Cases studies of finfish farming in Europe and of tropical shrimp farming show that different public policies ma y be implemented according to social and economic context. These cases illustrate the connection between social and environmental viewpoints, and analyse the constraints and advantages of different tools used to coordinate individual choices at the collective level. [NOT CONTROLLED OCR] |
