The Economic Payoffs from Marine Reserves: Resource Rents in a Stochastic Environment*

Abstract. The biological benefits of marine reserves have garnered favor in the conservation community, but ''no-take'' reserve implementation is complicated by the economic interests of fishery stakeholders. There are now a number of studies examining the conditions under which marine reserves can provide both economic and ecological benefits. A potentially important reality of fishing that these studies overlook is that fishing can damage the habitat of the target stock. Here, we construct an equilibrium bioeconomic model that incorporates this habitat damage and show that the designation of marine reserves, coupled with the implementation of a tax on fishing effort, becomes both biologically and economically favorable as habitat sensitivity increases. We also study the effects of varied degrees of spatial control on fisheries management. Together, our results provide further evidence for the potential monetary and biological value of spatial management, and the possibility of a mutually beneficial resolution to the fisherman-conservationist marine reserve designation dilemma.

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“…Photo credit: H. V. Moeller. ed) may be one route to improving fisheries management (Grafton et al 2006).…”

Section: Discussionmentioning

confidence: 99%

Habitat damage, marine reserves, and the value of spatial management

Moeller

Neubert

2013

Ecological Applications

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“…In fact, it is argued that these three pillars serve as the foundation upon which sustainable development must be built, providing the outline for achieving what Andres Edwards calls a "sustainability revolution" [38]. Numerous researchers have employed variants of these models that sometimes include other factors (e.g., climate, fresh water, fisheries) depending on the focus and scope of the particular questions and problems [45,46].…”

Section: Neoclassical Economics Sustainable Development and The Prementioning

confidence: 99%

Sustainability and Environmental Sociology: Putting the Economy in its Place and Moving Toward an Integrative Socio-Ecology

et al. 2016

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Abstract:The vague, yet undoubtedly desirable, notion of sustainability has been discussed and debated by many natural and social scientists. We argue that mainstream conceptions of sustainability, and the related concept of sustainable development, are mired in a "pre-analytic vision" that naturalizes capitalist social relations, closes off important questions regarding economic growth, and thus limits the potential for an integrative socio-ecological analysis. Theoretical and empirical research within environmental sociology provides key insights to overcome the aforementioned problems, whereby the social, historical, and environmental relationships associated with the tendencies and qualities of the dominant economic system are analyzed. We highlight how several environmental sociology perspectives-such as human ecology, the treadmill of production, and metabolic analysis-can serve as the basis for a more integrative socio-ecological conception and can help advance the field of sustainability science.

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“…The population is persistent and there exists no uncertainty over the size of the current population even if harvesting is optimal, but a marine reserve can increase resource rents and reduce the recovery time for a harvested population in the presence of negative shocks. The reason a reserve has economic value is because it allows for spillovers of fish from the reserve to the harvested population following a negative shock that can, in turn, raise resource rents (Grafton et al, 2006). The Great Barrier Reef Marine Park is another instance.…”

Section: Designating Marine Reserves Is An Economic Processmentioning

confidence: 99%

Designating Marine Reserves Is not Just an Ecological Process

Li¹

2016

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Marine natural resource and ocean species are endangered because of human activities. In order to avoid marine natural resource depletion and recover marine ecosystem, marine reserves are created. The report will introduce the marine reserve definition and its functions. In addition, the report will describe three main marine reserves in Australia. Moreover, it will explain why designating marine reserves is not an ecological process.

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The Economic Payoffs from Marine Reserves: Resource Rents in a Stochastic Environment*

Cited by 36 publications

References 54 publications

Habitat damage, marine reserves, and the value of spatial management

Habitat damage, marine reserves, and the value of spatial management

Sustainability and Environmental Sociology: Putting the Economy in its Place and Moving Toward an Integrative Socio-Ecology

Designating Marine Reserves Is not Just an Ecological Process

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