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Marine Reserves: Is There a Free Lunch?

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Author Info
Sanchirico, James () (Resources for the Future)
Wilen, James

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Abstract

This paper employs a spatial and intertemporal model of renewable resource exploitation to investigate the effects of marine reserve creation. The model combines the H. S. Gordon/Vernon Smith hypothesis of a rent dissipation process with Ricardian notions that resources are exploited across space in a pattern dependent upon relative profitabilities. The metapopulation model employed here incorporates modern biological ideas that stress patch heterogeneity, linkages, and dispersal processes between patches. The spatial bioeconomic model is then used to simulate the effects of reserve creation under various ecological structures. We find, under certain parameter configurations and ecological linkages, that there is potential for a "double-dividend" where both aggregate biomass and harvest increase after an area of the fishery is set aside and protected from exploitation.

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Paper provided by Resources For the Future in its series Discussion Papers with number dp-99-09.

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Date of creation: 01 Dec 1998
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Handle: RePEc:rff:dpaper:dp-99-09

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Schulz, Carl-Erik & Skonhoft, Anders, 1996. "Wildlife management, land-use and conflicts," Environment and Development Economics, Cambridge University Press, vol. 1(03), pages 265-280, July. [Downloadable!]
  2. Sanchirico, James N. & Wilen, James E., 1999. "Bioeconomics of Spatial Exploitation in a Patchy Environment," Journal of Environmental Economics and Management, Elsevier, vol. 37(2), pages 129-150, March. [Downloadable!] (restricted)
  3. Brown, Gardner & Roughgarden, Jonathan, 1997. "A metapopulation model with private property and a common pool," Ecological Economics, Elsevier, vol. 22(1), pages 65-71, July. [Downloadable!] (restricted)
  4. Holland, Daniel S. & Brazee, Richard J., 1996. "Marine Reserves For Fisheries Management," Marine Resource Economics, Marine Resources Foundation, vol. 11(3). [Downloadable!]
  5. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124. [Downloadable!] (restricted)
  6. Smith, Vernon L, 1969. "On Models of Commercial Fishing," Journal of Political Economy, University of Chicago Press, vol. 77(2), pages 181-98, March/Apr. [Downloadable!] (restricted)
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  1. Smith, Martin D. & Wilen, James E., 1999. "Spatial Behavior Of Renewable Resource Harvesters: The California Sea Urchin Fishery," 1999 Annual meeting, August 8-11, Nashville, TN 21510, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  2. Sanchirico, James, 2000. "Marine Protected Areas as Fishery Policy: A Discussion of the Potential Costs and Benefits," Discussion Papers dp-00-23-rev, Resources For the Future. [Downloadable!]
  3. Osmundsen, Petter & Tveteras, Ragnar, 2000. "Disposal of Petroleum Installations - Major Policy Issues," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  4. Sanchirico, James & Wilen, James, 2000. "The Impacts of Marine Reserves on Limited-Entry Fisheries," Discussion Papers dp-00-34, Resources For the Future. [Downloadable!]
  5. Sanchirico, James & Cochran, Kathryn & Emerson , Peter, 2002. "Marine Protected Areas: Economic and Social Implications," Discussion Papers dp-02-26, Resources For the Future. [Downloadable!]
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