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The Bioeconomics of Marine Reserves: A Selected Review with Policy Implications

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  • R. Grafton
  • Tom Kompas
  • Viktoria Schneider

Abstract

The paper ‘bridges the divide’ between the biological and economic literature on marine reserves. It provides a selected review of the traditional use of reserves, the early reserve literature, the potential benefits of reserves, spillovers from reserves to harvested areas and bioeconomic models of marine reserves. The bioeconomics literature is examined from the perspectives of deterministic models, spatial economic models and models that include uncertainty and stochasticity. Insights from the review are used to provide management implications in terms of reserve design, stakeholder cooperation and process, reserve-fishery transfers, traditional management controls, and ecosystem approaches to managing fisheries. Copyright Springer 2005

Suggested Citation

  • 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, January.
    • Handle: RePEc:kap:jbioec:v:7:y:2005:i:2:p:161-178
    DOI: 10.1007/s10818-005-6885-1
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    References listed on IDEAS

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    1. R. Quentin Grafton & Pham Van Ha & Tom Kompas, 2004. "Saving the Seas: The Economic Justification for Marine Reserves," Economics and Environment Network Working Papers 0402, Australian National University, Economics and Environment Network.
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    Citations

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    Cited by:

    1. Davis, Katrina & Pannell, David J. & Kragt, Marit & Gelcich, Stefan & Schilizzi, Steven, 2014. "Accounting for enforcement is essential to improve the spatial allocation of marine restricted-use zoning systems," Working Papers 195718, University of Western Australia, School of Agricultural and Resource Economics.
    2. Yamazaki, Satoshi & Grafton, R. Quentin & Kompas, Tom, 2010. "Non-consumptive values and optimal marine reserve switching," Ecological Economics, Elsevier, vol. 69(12), pages 2427-2434, October.
    3. Sophal Chhun & Viktoria Kahui & Henrik Moller & Paul Thorsnes, 2015. "Advancing Marine Policy Toward Ecosystem-Based Management by Eliciting Public Preferences," Marine Resource Economics, University of Chicago Press, vol. 30(3), pages 261-275.
    4. Tisdell, Clem & Swarna Nantha, Hemanath, 2011. "Comparative costs and conservation of wild species in situ, e.g. orangutans," Ecological Economics, Elsevier, vol. 70(12), pages 2429-2436.
    5. Doyen, L. & De Lara, M. & Ferraris, J. & Pelletier, D., 2007. "Sustainability of exploited marine ecosystems through protected areas: A viability model and a coral reef case study," Ecological Modelling, Elsevier, vol. 208(2), pages 353-366.
    6. Yamazaki, Satoshi, 2008. "Marine Reserves Switching under Uncertainty," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6003, Australian Agricultural and Resource Economics Society.
    7. 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.
    8. Chu, Long & Grafton, R. Quentin & Kompas, Tom, 2022. "Optimisation of economic performance and stock resilience in marine capture fisheries," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 863-875.
    9. Greenville, Jared W. & MacAulay, T. Gordon, 2006. "A Bioeconomic Analysis of Protected Area use in Fisheries Management," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139738, Australian Agricultural and Resource Economics Society.
    10. Ola Flaaten & Einar Mjølhus, 2010. "Nature Reserves as a Bioeconomic Management Tool: A Simplified Modelling Approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(1), pages 125-148, September.
    11. Greenville, Jared W. & MacAulay, T. Gordon, 2006. "A Bioeconomic Analysis of Protected Area use in Fisheries Management," 2006 Annual meeting, July 23-26, Long Beach, CA 21469, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Grafton, R. Quentin & Squires, Dale & Steinshamn, Stein Ivar, 2023. "Towards resilience-based management of marine capture fisheries," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 231-238.

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    More about this item

    Keywords

    reserve spillovers; deterministic; stochasticity; spatial models; fisheries management; Q2;
    All these keywords.

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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