Abstract
This paper considered the characteristics and the problems of marine use rights in China, examining in particular, dealings of marine use rights and mechanisms related to pricing. The paper identifies the following issues and problems regarding marine use rights. First, the formation processes of market goods based on marine use rights. Second, dealings based on marine use rights and determination of prices under auction or bid conditions. Third, the allocation system of marine use rights, with regard to the first class marine market and the second class marine market. Fourth, the characteristics of marine use rights. And lastly, the problems of the current marine use rights system.
