Biomass management targets and the conservation and economic benefits of marine reserves

Fish and Fisheries

Volumn 15, Issue 2, 2014, Pages 196-208

  Yamazaki, Satoshi ^a   Grafton, Quentin R ^b,c   Kompas, Tom ^c   Jennings, Sarah ^a  

^a UNIVERSITY OF TASMANIA   (Australia)

^b Bureau of Resources and Energy Economics   (Australia)

^c AUSTRALIAN NATIONAL UNIVERSITY   (Australia)

Author keywords

Fisheries management; Fisheries target; Marine reserve design; Maximum economic yield; Maximum sustainable yield

Indexed keywords

BIOMASS; CONSERVATION MANAGEMENT; COST-BENEFIT ANALYSIS; MARINE PARK; MAXIMUM SUSTAINABLE YIELD; PARAMETERIZATION; STOCHASTICITY; SUSTAINABILITY;

EID: 84899069914     PISSN: 14672960     EISSN: 14672979     Source Type: Journal    
DOI: 10.1111/faf.12008     Document Type: Article

References (60)

1. Abesamis, R.A. and Russ, G.W. (2005) Density-dependent spillover from a marine reserve: long-term evidence. Ecological Applications 15, 1798-1812.
2. Allison, G.W., Lubchenco, J. and Carr, M.H. (1998) Marine reserves are necessary but not sufficient for marine conservation. Ecological Applications 8, S79-S92.
3. Beddington, J.R., Agnew, D.J. and Clark, C.W. (2007) Current problems in the management of marine fisheries. Science 22, 1713-1716.
4. Bhat, M.G. (2003) Application of no-market valuation to the Florida Keys marine reserve management. Journal of Environmental Management 67, 315-325.
5. Caddy, J.F. and Agnew, D.J. (2004) An overview of recent global experience with recovery plans for depleted marine resources and suggested guidelines for recovery planning. Reviews in Fish Biology and Fisheries 14, 43-112.
6. Christensen, V. (2010) MEY = MSY. Fish and Fisheries 11, 105-110.
7. Clark, C.W. (1973) Profit maximization and the extinction of animal species. Journal of Political Economy 81, 950-961.
8. Clark, C.W. (1990) Mathematical Bioeconomics: The Optimal Management of Renewable Resources, 2nd edn. John Wiley & Sons, New York.
9. Clark, C.W. and Munro, G.R. (1975) The economics of fishing and modern capital theory: a simplified approach. Journal of Environmental Economics and Management 2, 92-106.
10. Clark, C.W., Munro, G.R. and Sumaila, U.R. (2010) Limits to the privatization of fishery resources. Land Economics 86, 209-218.
11. Conrad, J.M. (1999) The bioeconomics of marine sanctuaries. Journal of Bioeconomics 1, 205-217.
12. Costello, C. and Polasky, S. (2008) Optimal harvesting of stochastic spatial resources. Journal of Environmental Economics and Management 56, 1-18.
13. Dichmont, C.M., Pascoe, S., Kompas, T., Punt, A.E. and Deng, R. (2010) On implementing maximum economic yield in commercial fisheries. Proceedings of the National Academy of Sciences 107, 16-21.
14. Froese, R., Branch, T.A., Proelβ, A., Quaas, M., Sainsbury, K. and Zimmermann, C. (2011) Generic harvest control rules for European fisheries. Fish and Fisheries 12, 340-351.
15. Goñi, R., Hilborn, R., Díaz, D., Sandra, M. and Adlerstein, S. (2010) Net contribution of spillover from a marine reserve to fishery catches. Marine Ecology Progress Series 400, 233-243.
16. Gordon, H.S. (1954) The economic theory of a common-property resource: the fishery. Journal of Political Economy 62, 124-142.
17. Grafton, R.Q., Kompas, T. and Lindenmayer, D. (2005) Marine reserves with ecological uncertainty. Bulletin of Mathematical Biology 67, 957-971.
18. Grafton, R.Q., Kompas, T. and Ha, P.V. (2006) The economic payoffs from marine reserves: resource rents in a stochastic environment. Economic Record 82, 469-480.
19. Grafton, R.Q., Kompas, T. and Hilborn, R. (2007) Economics of overexploitation revisited. Science 318, 1601.
20. Grafton, R.Q., Kompas, T. and Ha, P.V. (2009) Cod today and none tomorrow: the economic value of a marine reserve. Land Economics 85, 454-469.
21. Grafton, R.Q., Kompas, T., Chu, L. and Che, N. (2010) Maximum economic yield. Australian Journal of Agricultural and Resource Economics 54, 273-280.
22. MEY as a fisheries management target. Fish and Fisheries 13, 303-312.
23. Halpern, B.S. (2003) The impact of marine reserves: do reserves work and does reserve size matter? Ecological Applications 13, S117-S137.
24. Halpern, B.S., Regan, H.M., Possingham, H.P. and McCarthy, M.A. (2006) Accounting for uncertainty in marine reserve design. Ecology Letters 9, 2-11.
25. Hannesson, R. (1998) Marine reserves: what would they accomplish? Marine Resource Economics 13, 159-170.
26. Hilborn, R. (2007) Defining success in fisheries and conflicts in objectives. Marine Policy 31, 153-158.
27. Hilborn, R., Stokes, K., Maguire, J.J. et al. (2004) When can marine reserves improve fisheries management? Ocean & Coastal Management 47, 197-205.
28. Jennings, S. (2001) Patterns and prediction of population recovery in marine reserves. Reviews in Fish Biology and Fisheries 10, 209-231.
29. Kompas, T., Dichmont, C.M., Punt, A.E. et al. (2010) Maximizing profits and conserving stocks in the Australian Northern Prawn Fishery. Australian Journal of Agricultural and Resource Economics 54, 281-299.
30. Kramer, D.L. and Chapman, M.R. (1999) Implications of fish home range size and relocation for marine reserve function. Environmental Biology of Fishes 55, 65-79.
31. Larkin, P. A. (1977) An epitaph for the concept of maximum sustainable yield. Transactions of American Fisheries Society 1, 1-11.
32. Lauck, T., Clark, C.W., Mangel, M. and Munro, G.R. (1998) Implementing the precautionary principle in fisheries management through marine reserves. Ecological Applications 8, S72-S78.
33. Leigh, G.M., Williams, A., Begg, G.A., Gribble, N.A. and Whybird, O.J. (2006) Stock Assessment of the Queensland East Coast Red Throat Emperor (Lethrinus miniatus) Fishery. The State of Queensland, Department of Primary Industries and Fisheries, Brisbane.
34. Lester, S.E., Halpern, B.S., Grorud-Colvert, K. et al. (2009) Biological effects within no-take marine reserves: a global synthesis. Marine Ecology Progress Series 384, 33-46.
35. Little, L.R., Begg, G.A., Goldman, B. et al. (2008) Modelling Individual Transferable Quotas as a Management Tool in the Queensland Coral Reef Fin Fishery. Fisheries Research and Development Corporation, Townsville, Qld.
36. Little, L.R., Punt, A.E., Mapstone, B.D., Begg, G.A., Goldman, B. and Williams, A. (2009) An agent-based model for simulating trading of multiple-species fisheries quota. Ecological Modelling 220, 3404-3412.
37. Little, L.R., Grafton, R.Q., Kompas, T., Smith, A.D.M. and Punt, A.E. (2011) Complementarity of no-take marine reserves and individual transferable catch quotas for managing the line fishery of the Great Barrier Reef. Conservation Biology 25, 333-340.
38. Mace, P.M. (2001) A new role for MSY in single-species and ecosystem approaches to fisheries stock assessment and management. Fish and Fisheries 2, 2-32.
39. Mangel, M. (2000) Irreducible uncertainties, sustainable fisheries and marine reserves. Evolutionary Ecology Research 2, 547-557.
40. McClanahan, T.R. (2010) Effects of fisheries closures and gear restrictions on fishing income in a Kenyan coral reef. Conservation Biology 24, 1519-1528.
41. Micheli, F., Halpern, B.S., Botsford, L.W. and Warner, R.R. (2004) Trajectories and correlates of community change in no-take marine reserves. Ecological Applications 14, 1709-1723.
42. Pelc, R.A., Warner, R.R., Gaines, S.D. and Paris, C.B. (2010) Detecting larval export from marine reserves. Proceedings of the National Academy of Sciences 107, 18266-18271.
43. Pezzey, J.C.V., Roberts, C.M. and Urdal, B.T. (2000) A simple bioeconomic model of a marine reserve. Ecological Economics 33, 77-91.
44. Punt, A.E. and Smith, A.D.M. (2001) The gospel of maximum sustainable yield in fisheries management: birth, crucifixion and reincarnation. In: Conservation of Exploited Species (eds J.D. Renynolds, G.M. Mace, K.H. Redford and J.G. Robinson). Cambridge University Press, Cambridge, pp. 41-66.
45. Roberts, C.M., Bohnsach, J.A., Gell, F.R., Hawkins, J.P. and Goodridge, R. (2001) Effects of marine reserves on adjacent fisheries. Science 294, 1920-1923.
46. Roberts, C.M., Hawkins, J.P. and Gell, F.R. (2005) The role of marine reserves in achieving sustainable fisheries. Philosophical Transactions of the Royal Society B 360, 123-132.
47. Ruijs, A. and Janmaat, J.A. (2007) Chasing the spillovers: locating protected areas in a trans-boundary fishery. Land Economics 83, 6-22.
48. Sanchirico, J.N. and Wilen, J.E. (2001) A bioeconomic model of marine reserve creation. Journal of Environmental Economics and Management 42, 257-276.
49. Sanchirico, J.N. and Wilen, J.E. (2002) The impact of marine reserves on limited-entry fisheries. Natural Resource Modeling 15, 291-310.
50. Sanchirico, J.N., Malvadkar, U., Hastings, A. and Wilen, J.E. (2006) When are no-take zones an economically optimal fishery management strategy? Ecological Applications 16, 1643-1659.
51. Shears, N.T. and Babcock, R.C. (2003) Continuing Cascade effects after 25 years of no-take marine reserve protection. Marine Ecology and Progress Series 246, 1-16.
52. Smith, V.L. (1969) On models of commercial fishing. Journal of Political Economy 77, 181-198.
53. Smith, M.D. and Wilen, J.E. (2003) Economic impacts of marine reserves: the importance of spatial behavior. Journal of Environmental Economics and Management 46, 183-206.
54. Stobart, B., Warwick, R., González, C. et al. (2009) Long-term and spillover effects of a marine protected area on an exploited fish community. Marine Ecology Progress Series 384, 47-60.
55. Sumaila, U.R. (1998) Protected marine reserves as fisheries management tools: a bioeconomic analysis. Fisheries Research 37, 287-296.
56. Sumaila, U.R. and Armstrong, C.W. (2006) Distributional and efficiency effects of marine protected areas: a study of the Northeast Atlantic cod fishery. Land Economics 82, 321-332.
57. Sumaila, U.R. and Hannesson, R. (2010) Maximum economic yield in crisis? Fish and Fisheries 11, 461-465.
58. Vandeperre, F., Higgins, R.M., Sánchez-Meca, J. et al. (2011) Effects of no-take area size and age of marine protected areas on fisheries yields: a meta-analytical approach. Fish and Fisheries 12, 412-426.
59. White, C., Kendall, B.E., Gaines, S., Siegal, D.A. and Costello, C. (2008) Marine reserve effects on fishery profit. Ecology Letters 11, 370-379.
60. Worm, B., Hilborn, R., Baum, J.K. et al. (2009) Rebuilding global fisheries. Science 325, 578-585.