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Managing a Natural Reserve with Density Independent Species Flow - a Dynamic Bioeconomic Model

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Abstract
  • A discrete-time bioeconomic model of two stocks is presented, where one of these two stocks can be partially protected by a reserve or some other hindrance to harvesting. The interaction between the two stocks is geographic, in the sense that the protected stock can migrate out of the reserve and be harvested upon in conjunction with the unprotected stock. The movement out of the reserve is migrational either in the sense of some annual or life-cycle movement. Two management regimes are presented; open access and myopic profit maximization, which are studied both in a steady state and a dynamic fashion.
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  • Armstrong, Claire and Anders Skonhoft. 2006. Managing a Natural Reserve with Density Independent Species Flow - a Dynamic Bioeconomic Model. In: Proceedings of the Thirteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 11-14, 2006, Portsmouth, UK: Rebuilding Fisheries in an Uncertain Environment. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2006. CD ROM. ISBN 0-9763432-3-1
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  • The National Oceanic & Atmospheric Administration Marine Fisheries Service, United States Department of Commerce (NOAA Fisheries); United Kingdom Department for Environment, Food and Rural Affairs (DEFRA); The United States Agency for International Development supported Aquaculture Collaborative Research and Support Program (ACRSP).
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