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Marine protected areas in spatial property-rights fisheries

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  • Costello, Christopher
  • Kaffine, Daniel T.

Abstract

Marine protected areas (MPAs) and spatial property rights (TURFs) are two seemingly contradictory approaches advocated as solutions to common property failures in fisheries. MPAs limit harvest to certain areas, but may enhance profits outside via spillover. TURFs incentivize local stewardship but may be plagued by spatial externalities when the TURF size is insufficient to capture all dispersal. Within a numerical model parameterized to a California marine species, we explore the economic and ecological effects of imposing MPAs on a TURF-regulated fishery. Whether MPAs can enhance or diminish profits (or fish abundance) hinges critically on the level of coordination already occurring between TURF owners. If coordination is complete, private MPAs may already emerge in some TURFs; implementing additional MPAs reduces profits. However, to the extent that coordination is incomplete, strategically sited MPAs may be an effective complement to spatial property rights-based fisheries, increasing both fishery profits and abundance.

Suggested Citation

  • Costello, Christopher & Kaffine, Daniel T., 2010. "Marine protected areas in spatial property-rights fisheries," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 1-21.
    • Handle: RePEc:ags:aareaj:162011
    DOI: 10.22004/ag.econ.162011
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    References listed on IDEAS

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    1. Heintzelman, Martin D. & Salant, Stephen W. & Schott, Stephan, 2009. "Putting free-riding to work: A Partnership Solution to the common-property problem," Journal of Environmental Economics and Management, Elsevier, vol. 57(3), pages 309-320, May.
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    7. Costello, Christopher J. & Kaffine, Daniel, 2008. "Natural resource use with limited-tenure property rights," Journal of Environmental Economics and Management, Elsevier, vol. 55(1), pages 20-36, January.
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    Cited by:

    1. Enric Sala & Christopher Costello & Dawn Dougherty & Geoffrey Heal & Kieran Kelleher & Jason H Murray & Andrew A Rosenberg & Rashid Sumaila, 2013. "A General Business Model for Marine Reserves," PLOS ONE, Public Library of Science, vol. 8(4), pages 1-9, April.
    2. Costello, Christopher & Quérou, Nicolas & Tomini, Agnes, 2015. "Partial enclosure of the commons," Journal of Public Economics, Elsevier, vol. 121(C), pages 69-78.
    3. Costello, Christopher & Molina, Renato, 2021. "Transboundary marine protected areas," Resource and Energy Economics, Elsevier, vol. 65(C).
    4. Villaseñor-Derbez, Juan Carlos, 2019. "An interdisciplinary evaluation of community-based TURF-reserves," MarXiv 8vgqu, Center for Open Science.
    5. Gabriel S. Sampson & James N. Sanchirico, 2019. "Exploitation of a Mobile Resource with Costly Cooperation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 1135-1163, August.
    6. 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.
    7. Aburto-Oropeza,Octavio & Leslie,Heather M. & Mack-Crane,Austen & Nagavarapu,Sriniketh Suryasesha & Reddy,Sheila M.W. & Sievanen,Leila, 2016. "Property rights for fishing cooperatives : how (and how well) do they work ?," Policy Research Working Paper Series 7662, The World Bank.
    8. Hannah, Lee & Costello, Christopher & Elliot, Vittoria & Owashi, Brandon & Nam, So & Oyanedel, Rodrigo & Chea, Ratha & Vibol, Ouk & Phen, Chheng & McDonald, Gavin, 2019. "Designing freshwater protected areas (FPAs) for indiscriminate fisheries," Ecological Modelling, Elsevier, vol. 393(C), pages 127-134.

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