The Potential Economic Benefits of Coastal Ocean Observing Systems: The Gulf of Maine

In this publication, [authors] focused on five important activities in The Gulf of Maine: maritime commerce, commercial fishing, recreational fishing and boating, search and rescue, and pollution management, specifically oil spill management. For each area, the sources of benefits were defined and estimates were made of the size of the activity in the region from which benefits may be derived. The results of their analysis suggests strongly that the benefits from a regional ocean observing system in the Gulf of Maine will exceed its costs, although more precise measurement is required before the actual magnitude of benefits can be estimated. 2001 Library Public Domain 2283