Marine Protected Areas in Spatial Property-Rights Fisheries

21 Pages Posted: 28 Jul 2010

See all articles by Christopher Costello

Christopher Costello

University of California, Santa Barbara (UCSB) - Donald Bren School of Environmental Science & Management

Daniel Kaffine

University of California, Santa Barbara (UCSB) - Department of Economics

Abstract

Marine protected areas (MPAs) and spatial property rights (TURFs) are two seemingly contradictory approaches advocated as solutions to common property failures in fisheries. MPAs limit harvest to certain areas, but may enhance profits outside via spillover. TURFs incentivize local stewardship but may be plagued by spatial externalities when the TURF size is insufficient to capture all dispersal. Within a numerical model parameterized to a California marine species, we explore the economic and ecological effects of imposing MPAs on a TURF-regulated fishery. Whether MPAs can enhance or diminish profits (or fish abundance) hinges critically on the level of coordination already occurring between TURF owners. If coordination is complete, private MPAs may already emerge in some TURFs; implementing additional MPAs reduces profits. However, to the extent that coordination is incomplete, strategically sited MPAs may be an effective complement to spatial property rights-based fisheries, increasing both fishery profits and abundance.

Suggested Citation

Costello, Christopher and Kaffine, Daniel, Marine Protected Areas in Spatial Property-Rights Fisheries. Australian Journal of Agricultural and Resource Economics, Vol. 54, No. 3, pp. 321-341, July 2010. Available at SSRN: https://ssrn.com/abstract=1649720 or http://dx.doi.org/10.1111/j.1467-8489.2010.00495.x

Christopher Costello

University of California, Santa Barbara (UCSB) - Donald Bren School of Environmental Science & Management ( email )

4670 Physical Sciences North
Santa Barbara, CA 93106-5131
United States
(805) 893-5802 (Phone)
(805) 893-7612 (Fax)

Daniel Kaffine

University of California, Santa Barbara (UCSB) - Department of Economics ( email )

2127 North Hall
Santa Barbara, CA 93106
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
2
Abstract Views
356
PlumX Metrics