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Saving the seas: the economic justification for marine reserves: WORKING PAPER

Created 13/03/2025

Updated 13/03/2025

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This record describes, and links to a working paper produced through the Crawford School of Economics and Government at The Australian National University in Canberra.

We contribute to the understanding of marine reserves and the management of renewable resources with uncertainty. We show that the key benefit of reserves is that they increase resilience, or the speed it takes a population to return to a former state following a negative shock. Resilience can also increase resource rents even with optimal harvesting. We contradict the accepted wisdom that reserves have no value if harvesting is optimal, reserves and optimal output controls are equivalent, reserves have value only with overexploited populations and that reserves must be large to offer benefits to fishers.

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Title Saving the seas: the economic justification for marine reserves: WORKING PAPER
Language eng
Licence Not Specified
Landing Page https://devweb.dga.links.com.au/data/dataset/2480bb29-628a-4e62-bdc2-392ad908e1bf
Contact Point
CSIRO Oceans & Atmosphere
quentin.grafton@anu.edu.au
Reference Period 16/12/2014
Data Portal Data.gov.au