Exogenous Shocks and Marine Reserves: Blatant Self-Promotion

It could be an idea to blatantly promote my own academic work here. My latest publication:

EXOGENOUS SHOCKS AND MARINE RESERVES. Natural Resource Modeling, 24: 316–334. doi: 10.1111/j.1939-7445.2011.00093.x

ABSTRACT The impact on the value of a fishery from exogenous shocks is investigated. Part of the habitat is protected by a marine reserve, while the remaining fishery is managed by optimal, total allowable catch quotas. Shocks of different, spatial nature and with different probability distributions are investigated. The results suggest that reserves are of minor interest as a management tool when shocks affect the stock uniformly. Reserves may substantially enhance the value of the fishery when shocks are nonuniformly spatially distributed.




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