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Are marine reserves and harvest control rules substitutes or complements for rebuilding fisheries?

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  • Yamazaki, Satoshi
  • Jennings, Sarah
  • Quentin Grafton, R.
  • Kompas, Tom

Abstract

Harvest control rules and no-take marine reserves are two management approaches increasingly advocated as effective means of rebuilding depleted fish stocks and averting the collapse of fisheries. We incorporate the two approaches into a bioeconomic model and evaluate how they act as substitutes and/or complements when used together in fisheries stock recovery plans. Simulations of the model with estimated parameters from an actual fishery show that the cost of adopting a harvest strategy of slow stock rebuilding can be offset or substituted by a no-take reserve. For each of the harvest strategies explored, we find there is a range of reserve sizes that can act as a complement in a stock recovery plan such that a no-take reserve improves both the profitability of fishers and average annual harvest during stock rebuilding. We demonstrate that a stock recovery plan that incorporates both harvest control rules and no-take reserves can simultaneously contribute to conservation, economic and socio-economic objectives of fisheries management.

Suggested Citation

  • Yamazaki, Satoshi & Jennings, Sarah & Quentin Grafton, R. & Kompas, Tom, 2015. "Are marine reserves and harvest control rules substitutes or complements for rebuilding fisheries?," Resource and Energy Economics, Elsevier, vol. 40(C), pages 1-18.
  • Handle: RePEc:eee:resene:v:40:y:2015:i:c:p:1-18
    DOI: 10.1016/j.reseneeco.2015.01.001
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    References listed on IDEAS

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