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Bayesian Bioeconomics of Marine Reserves

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  • Smith, Martin D.
  • Zhang, Junjie
  • Coleman, Felicia C.

Abstract

We use Bayesian econometric methods to estimate dynamic bioeconomic models of marine reserve formation using simulated data and real data from the Gulf of Mexico reef fish fishery. We test the effects of reserves on fish growth and catchability.

Suggested Citation

  • Smith, Martin D. & Zhang, Junjie & Coleman, Felicia C., 2005. "Bayesian Bioeconomics of Marine Reserves," 2005 Annual meeting, July 24-27, Providence, RI 19409, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19409
    DOI: 10.22004/ag.econ.19409
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    References listed on IDEAS

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    1. Smith, Vernon L, 1971. "Economics of Production from Natural Resources: Reply," American Economic Review, American Economic Association, vol. 61(3), pages 488-491, June.
    2. Homans, Frances R. & Wilen, James E., 1997. "A Model of Regulated Open Access Resource Use," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 1-21, January.
    3. 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.
    4. Chernozhukov, Victor & Hong, Han, 2003. "An MCMC approach to classical estimation," Journal of Econometrics, Elsevier, vol. 115(2), pages 293-346, August.
    5. Smith, Martin D. & Wilen, James E., 2003. "Economic impacts of marine reserves: the importance of spatial behavior," Journal of Environmental Economics and Management, Elsevier, vol. 46(2), pages 183-206, September.
    6. Trond Bjorndal & Jon M. Conrad, 1987. "The Dynamics of an Open Access Fishery," Canadian Journal of Economics, Canadian Economics Association, vol. 20(1), pages 74-85, February.
    Full references (including those not matched with items on IDEAS)

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