In this paper we analysed the economic payoffs from marine reserves using a stochastic optimal control model, with a jump-diffusion process. The results show that even if the reserve and harvested populations face the same negative shocks, harvesting is optimal, the population is persistent and...

The crisis of environmental degradation has createcharemd an immense volume of literature which focuses on controlling environmental problems. Economic Rights and Environmental Wrongs goes one step further to extend and complement the current debates