Uncertainty and the Active Adaptive Management of Marine Reserves

Tom Kompas and R. Quentin Grafton

International and Development Economics Working Papers from International and Development Economics

Abstract: Unpredictable environmental fluctuations are a major problem in fisheries. To mitigate these uncertainties, reserves are advocated to help ensure population persistence, reduce population and harvest variance and to provide a ‘hedge’ against management failures. Using recent insights from the modelling of marine reserves that indicate that reserves can generate a ‘win-win’ in terms of economic payoffs and ecological benefits, we propose a six-step process for managing reserves with uncertainty and argue in favour of initially establishing less than desirable reserve sizes where stakeholder resistance to reserves may be preventing their implementation.

JEL-codes: D89 Q22 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2004
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Citations: View citations in EconPapers (4)

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Journal Article: Uncertainty and the active adaptive management of marine reserves (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:idc:wpaper:idec04-2

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