Triple benefits from spatial resource management

  • Neubert M
  • Herrera G
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Abstract

Standard fishery managementmodels suggest
that regulations designed to produce maximum rent
should reduce effort – and thus employment – from its
open-access level. Using a simple diffusion model, we
show that the opposite can be true when the spatial dis-
tribution of effort, as well as the total amount of effort,
can be controlled. Under certain ecological and eco-
nomic circumstances that we describe, optimal spatial
management can produce “triple benefits” compared to
open access: an increase in rent, an increase in standing
stock, and an increase in employment.

Author-supplied keywords

  • Bioeconomics
  • Employment
  • Fisheries management
  • Maximum sustainable rent
  • Renewable resources
  • Spatial models

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