Political economy of marine reserves: understanding the role of opportunity costs.

Journal Article

The creation of marine reserves is often controversial. For decisionmakers, trying to find compromises, an understanding of the timing, magnitude, and incidence of the costs of a reserve is critical. Understanding the costs, in turn, requires consideration of not just the direct financial costs but also the opportunity costs associated with reserves. We use a discrete choice model of commercial fishermen's behavior to examine both the short-run and long-run opportunity costs of marine reserves. Our results can help policymakers recognize the factors influencing commercial fishermen's responses to reserve proposals. More generally, we highlight the potential drivers behind the political economy of marine reserves.

Full Text

Duke Authors

Cited Authors

  • Smith, MD; Lynham, J; Sanchirico, JN; Wilson, JA

Published Date

  • October 26, 2010

Published In

Volume / Issue

  • 107 / 43

Start / End Page

  • 18300 - 18305

PubMed ID

  • 20133732

Electronic International Standard Serial Number (EISSN)

  • 1091-6490

Digital Object Identifier (DOI)

  • 10.1073/pnas.0907365107

Language

  • eng

Conference Location

  • United States