Yamazaki, Satoshi; Grafton, R. Quentin; Kompas, Tom - Crawford School of Public Policy, Australian National … - 2009
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...