Trading Off Tourism for Fisheries
Bui Bich Xuan () and
Claire W. Armstrong
Additional contact information
Bui Bich Xuan: Nha Trang University
Claire W. Armstrong: UiT The Arctic University of Norway
Environmental & Resource Economics, 2019, vol. 73, issue 2, No 13, 697-716
Abstract This paper presents a deterministic bioeconomic model in which the creation of a marine protected area (MPA) is not only a fisheries management tool but also introduced in order to provide tourism amenity benefits. The theoretical model is illustrated with analysis of the Nha Trang Bay (NTB) MPA in Khanh Hoa province in Vietnam, where the anchovy purse seine fishery is considered. An amenity value function of the NTB MPA is estimated from a discrete choice experiment among national tourists. A weighting parameter is added to the bioeconomic model to allow the establishment of a tradeoff between management preferences regarding the two sectors affected by the MPA, fisheries and tourism. Both the theoretical models and the empirical application show how the added amenity values affect optimal fishing practices as well as the identification of the optimal MPA size. Our applied analysis shows that contrary to the argument in most MPA studies with multiple stakeholders, the current management practice in Khanh Hoa prioritizes the fisheries sector heavily compared to tourism, despite high economic cost.
Keywords: Bioeconomic model; Management; Marine protected area; Fishery; Tourism (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10640-018-0281-5 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:enreec:v:73:y:2019:i:2:d:10.1007_s10640-018-0281-5
Ordering information: This journal article can be ordered from
http://www.springer. ... al/journal/10640/PS2
Access Statistics for this article
Environmental & Resource Economics is currently edited by Ian J. Bateman
More articles in Environmental & Resource Economics from Springer, European Association of Environmental and Resource Economists Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().