Non-Market Values and Optimal Marine Reserve Switching
| dc.creator | Yamazaki, Satoshi | |
| dc.creator | Grafton, R. Quentin | |
| dc.creator | Kompas, Tom | |
| dc.date | 2017-04-01T19:20:29Z | |
| dc.date.accessioned | 2026-07-09T05:21:50Z | |
| dc.description | A stochastic bio-economic model is constructed to analyse the effects of marine reserve ‘switching’ between a ‘no take’ area and a harvested area. The model accounts for both market and non-market values of the fishery. Estimated parameters from the red throat emperor fishery from the Great Barrier Reef are used. Simulations show that an optimal switching strategy is, under a range of scenarios, preferred to fixed reserve and no reserve strategies. An important outcome is that the non-market values associated with the size of the fishery substantially affect both the returns from switching and the closure time. | |
| dc.identifier | Other:ISSN 1835-9728 | |
| dc.identifier | doi:10.22004/ag.econ.94825 | |
| dc.identifier | https://ageconsearch.umn.edu/record/94825/files/EERH_RR25.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/94825 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/562646 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/94825 | |
| dc.title | Non-Market Values and Optimal Marine Reserve Switching | |
| dc.type | Text |