Researchers: Grafton, Quentin R (Author) , Kompas, Tom (Author) , Van Ha, Pham (Author)
Brief description This record describes, and links to a working paper produced through the Crawford School of Economics and Government at The Australian National University in Canberra. ***** We contribute to the understanding of marine reserves and the management of renewable resources with uncertainty. We show that the key benefit of reserves is that they increase resilience, or the speed it takes a population to return to a former state following a negative shock. Resilience can also increase resource rents even with optimal harvesting. We contradict the accepted wisdom that reserves have no value if harvesting is optimal, reserves and optimal output controls are equivalent, reserves have value only with overexploited populations and that reserves must be large to offer benefits to fishers.
Notes
Credit
Funded by The Fisheries Resources Research Fund of Australia
Notes
Purpose
To address the economic question regarding reserves: what is their optimal economic size, taking into account both the sustainability of the resource and net returns from harvesting?
(Link to working paper download site)
handle :
http://hdl.handle.net/1885/42032
- global : da388870-3423-11dc-849f-00188b4c0af8