• norsk
    • English
  • English 
    • norsk
    • English
  • Login
View Item 
  •   Home
  • Norges Handelshøyskole
  • Department of Economics
  • Discussion papers (SAM)
  • View Item
  •   Home
  • Norges Handelshøyskole
  • Department of Economics
  • Discussion papers (SAM)
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

The premium of marine protected areas : a simple valuation model

Kvamsdal, Sturla Furunes; Sandal, Leif Kristoffer
Working paper
Thumbnail
View/Open
dp2007-12.pdf (2.351Mb)
URI
http://hdl.handle.net/11250/163036
Date
2007-03
Metadata
Show full item record
Collections
  • Discussion papers (SAM) [586]
Abstract
Marine Protected Areas are considered as a hedging tool against some

of the uncertainties that trouble many fisheries today. Such tools are

always connected with a cost; a premium. An optimal harvest rule is

combined with a protected area to manage a fishery. The model ignores

uncertainty, and is thus ideal to analyze the induced cost arising from

protected areas. We address the premium by comparing settings where

only an optimal harvesting policy is implemented and where the combined

management tool is used. The premium is found to be increasing and

convex as a function of the degree of protection. Concepts of relative

growth efficiency, relative biological gain, and biological efficiency are all

introduced to increase the understanding of the management tool and its

effects on the bioeconomic system. Time series solutions show that the

net return per unit of fish increases after the protected area is established.
Publisher
Norwegian School of Economics and Business Administration. Department of Economics
Series
Discussion paper
2007:12

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit
 

 

Browse

ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsDocument TypesJournalsThis CollectionBy Issue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit