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

Citation

Yamazaki, S and Jennings, S and Grafton, RQ and Kompas, T, Are marine reserves and harvest control rules substitutes or complements for rebuilding fisheries?, Resource and Energy Economics, 40 pp. 1-18. ISSN 0928-7655 (2015) [Refereed Article]

Copyright Statement

Copyright 2015 Elsevier B.V.

DOI: doi:10.1016/j.reseneeco.2015.01.001

Abstract

tHarvest control rules and no-take marine reserves are two man-agement approaches increasingly advocated as effective meansof rebuilding depleted fish stocks and averting the collapse offisheries. We incorporate the two approaches into a bioeconomicmodel and evaluate how they act as substitutes and/or com-plements when used together in fisheries stock recovery plans.Simulations of the model with estimated parameters from an actualfishery show that the cost of adopting a harvest strategy of slowstock rebuilding can be offset or substituted by a no-take reserve.For each of the harvest strategies explored, we find there is a rangeof reserve sizes that can act as a complement in a stock recoveryplan such that a no-take reserve improves both the profitabil-ity of fishers and average annual harvest during stock rebuilding.We demonstrate that a stock recovery plan that incorporates bothharvest control rules and no-take reserves can simultaneously con-tribute to conservation, economic and socio-economic objectives offisheries management.

Item Details

Item Type:Refereed Article
Keywords:Fisheries management; Harvest control rules; Marine reserves; Stock recovery plans
Research Division:Economics
Research Group:Applied Economics
Research Field:Environment and Resource Economics
Objective Division:Environment
Objective Group:Environmental Policy, Legislation and Standards
Objective Field:Coastal and Marine Management Policy
Author:Yamazaki, S (Dr Satoshi Yamazaki)
Author:Jennings, S (Dr Sarah Jennings)
ID Code:98269
Year Published:2015
Web of Science® Times Cited:4
Deposited By:Tasmanian School of Business and Economics
Deposited On:2015-02-10
Last Modified:2017-11-22
Downloads:0

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