The Externalities Associated With Impure Public Goods Essay Examples

Type of paper: Essay

Topic: Public, Conservation, Wildlife, Environment, Cost, Business, Technology, Countries

Pages: 4

Words: 1100

Published: 2020/11/27

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The exploitation and conservation of wildlife, it requires various cost that should divided into proper units in order to achieve the optimal outcome. In addition to that, all the benefits from conservation and exploitation of wildlife resources should meet the optimal standards. In order to achieve the balance of exploitation and conservation of wildlife, they are a need for developing the appropriate economic incentives. Likewise, better instruments are required to protect the wildlife at the same time benefiting the society. However, the marine biodiversity management has the particular challenges that affect the global communities. Since wildlife has both the impact on people whose life around the marine biodiversity, areas as well as those who are at far distance (Bulte and Swanson 45). When the public environment marine goods exist in large scale of the country or below, then these products can be affected by the actions of the government of the nation where they occur. The problem is that the benefits and cost of the marine wildlife exploitation source it differ from one country to another. This due to different cost of harvesting marine wildlife is not adequately accounted for since they are no standard guidelines for controlling these natural resources globally. As a result, they are need of forming the agencies that will be responsible for protecting the conservation and exploiting activities of the marine environment public goods. These agencies will be responsible for coming up with better strategies that will be conserving the marine lives. Similarly, these organs will be responsible for establishing the standard laws and rules that will be used to exploit marine lives and marine products. This agency such as the International Environment Public Goods (IEPGs) has adopted the ways of monitoring the impure public goods.

Impure public goods

The public goods are said to be impure when they either partially rival or partially excludable goods that are mostly from the common pool resources that are identified by Millennium Assessment. For example, the biodiversity conservation is one best public goods that are impure global public goods. When they are potential providers, this biodiversity conservation can produce local benefits to those who conserve them at the same time benefits from the preservation of others. As a result, impure public goods they directly benefit from their conservation efforts and support the global conservation, in general (Kumar, Pushpam, Thiaw, and Barker 26)

The idea of incremental cost that notionally will form the foundation of payment by the Global Environment Facility (GEF) will enable the monitoring of wild goods. It has the relationship between the expense of the country is could like to use when producing these public goods with the value of sissifying the global demand for the same public goods. Nevertheless, it is the cost adapted by the national payment for the ornamentals services found in IEPG. The systems of payment for ecosystem services have been modified by the IEPGs since they appear satisfy the incrementing cost of the principle. However, Payments for Ecosystem Services (PES) schemes are best applicable to non-marketed ecosystem. Therefore, the benefits and cost that associates with human production activities is not uniform since they spill over the jurisdictional of the boundaries. As a result, these types of cost they tend to generate externalities that are quantitatively significant and reciprocal. Due to this factors of different cost in various boundaries, the IEPGs it depends on either international cooperation or international coordination strategies to harmonize the uniformity of the value globally. For instance, some of the costs that are been used are Reducing Emissions from Deforestation and forest Degradation (REDD). This type of cost is used to create financial value for carbon found in the woods thus making the developing countries to minimize the emission from the forested lands and use the low-carbon ways to sustainable development (Bulte and Swanson 68).

The technology of public good supply

The IEPGs is also, grouped using the technology of the supply that uses the standard to treat public property that focus on the demand. For instance, IEPGs have adopted three types of technology of the public good supply additive, the weakest link and the best shot. The additive technology cases are the socially available amount of public goods. These culturally variable public goods are the sum of the separate costs of the products produced by the involved countries. On the other hand, the best shot technology, the public goods they benefit all the countries and can be found by the competent providers. For instance, the best example of the best shot is that of the Centers for Disease Control and Prevention that funded by the United States of America. They specifically provide information on the infectious diseases to all countries globally. Equally important, for the weakest link is technology used to produce public goods that will benefit all the countries. However, the benefits are limited to efficient least provider. One of the best examples of this kind of the weakest link is the control of infectious diseases. For instance, tuberculosis uses the level of protection that is available to all countries. However, most used to control infectious in the poorest, most populated and least coordinated countries (Kumar, Pushpam, Thiaw, and Barker 30)

Types of economic incentives for impure public goods

People have discovered the important of environment economics due to increasingly been aware with the pollution and other kinds of environmental damages. As a result, the stockholders have decided to adopt the use of economic efficiency that aims to maximize welfare of the people. Some of this incentives are such as the private property, where the private owner his given the rights within the laws to utilize, benefits from conservation and exploitation of the wildlife provided it acceptable by the society. Similarly, the state owns the wildlife, and the one can be allowed to use the economical ways to harvest under the restriction of the laws of the state. Therefore, the economists measure the welfare using the economic surpluses that accrue to ability of producers and consumers can benefit one another. Nevertheless, the global countries have adapted the technologies that monitor the impure public goods. This technology such as the additive, the weakest link, and the best shot are collaborated with the economic values to control the conservation and exploitation of public environmental public goods (Bulte and Swanson 68).
In conclusion, the exploitation and conservation of wildlife it requires various cost that should divided into proper units in order to achieve the optimal outcome. Therefore, appropriate strategies that are cost effect should be used globally to exploit and conserve the wildlife that gives the public environmental goods. Similarly, in order to achieve these challenges, the world should adapt the technology that benefits both the wildlife and use of wild products.

Work Cited

Kumar, Pushpam, Ibrahim Thiaw, and Tom Barker. Values, Payments and Institutions for Ecosystem Management: A Developing Country Perspective. , 2013. Print.
Bulte, E., G. van Kooten, and T. Swanson. 2003. Economic Incentives and Wildlife Conservation. (SEE FOLDER)

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