Marine Reserves Switching under Uncertainty
This paper analyses a fisheries management strategy, marine reserves switching, in which a non-fishing area is created, removed, or rotated from one site to another according to economic criteria through time. Using a dynamic optimisation framework under uncertainty, with the different fish dispersal processes, the optimal switching strategy and density distributions of the biomass, harvest, and net profit are simulated and compared under different management scenarios. This study will provide a decision and modelling framework for the design of marine reserves to achieve desired management goals.
|Date of creation:||2008|
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- R. Quentin Grafton & Tom Kompas & Pham Van Ha, 2005.
"The Economic Payoffs from Marine Reserves: Resource Rents in a Stochastic Environment,"
International and Development Economics Working Papers
idec05-3, International and Development Economics.
- R. Quentin Grafton & Tom Kompas & Pham Van Ha, 2006. "The Economic Payoffs from Marine Reserves: Resource Rents in a Stochastic Environment," The Economic Record, The Economic Society of Australia, vol. 82(259), pages 469-480, December.
- Pezzey, John C. V. & Roberts, Callum M. & Urdal, Bjorn T., 2000. "A simple bioeconomic model of a marine reserve," Ecological Economics, Elsevier, vol. 33(1), pages 77-91, April.
- Sanchirico, James N. & Wilen, James E., 2001. "A Bioeconomic Model of Marine Reserve Creation," Journal of Environmental Economics and Management, Elsevier, vol. 42(3), pages 257-276, November.
- R. Grafton & Tom Kompas & Viktoria Schneider, 2005. "The Bioeconomics of Marine Reserves: A Selected Review with Policy Implications," Journal of Bioeconomics, Springer, vol. 7(2), pages 161-178, 01.
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