Fishing activities within the Galapagos Marine Reserve (GMR) are restricted to small-scale levels by national law. The fishing sector has relied on just two fisheries, sea cucumber and spiny lobster, and a
strong Asian export market. Despite a series of input and output controls and a co-management scheme, stocks have...
The role of discounting in determining the optimal harvest of natural resources has been extensively debated in the economic and natural resources literature. Differing approaches to discounting to address sustainability and intergenerational equity issues have the potential to significantly affect the allocation of resources between harvesting and conservation for this...