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  • Marine Protected Areas as a Risk Management Tool

    Creator:
    Murray, Jason, Kvamsdal, Sturla, and Groves, Theodore
    Abstract:
    There is considerable debate in the literature about the usefulness of Marine Protected Areas as fishery management tools. While most economists have found that it is unlikely that marine reserves will improve steady-state yields, some biologists have shown that protected areas have the potential to reduce uncertainty. Most of the...
    Resource Type:
    Other
    Full Text:
    we consider single-owner management with spatial closures under growth and production- function