Are marine reserves and harvest control rules substitutes or complements for rebuilding fisheries?
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 ofthe model with estimated parameters from an actual fishery show that the cost of adopting a harvest strategy...[Show more]
|Collections||ANU Research Publications|
|Source:||Resource and Energy Economics|