Publications [#267496] of Martin D. Smith

Papers Published

1. Smith, MD; Wilen, JE, Economic Impacts of Marine Reserves: The Importance of Spatial Behavior, Journal of Environmental Economics and Management, vol. 46 no. 2 (2003), pp. 183-206, Elsevier BV [pdf], [doi]
   (last updated on 2024/04/24)

   Abstract:
   Marine biologists have shown virtually unqualified support for managing fisheries with marine reserves, signifying a new resource management paradigm that recognizes the importance of spatial processes in exploited systems. Most modeling of reserves employs simplifying assumptions about the behavior of fishermen in response to spatial closures. We show that a realistic depiction of fishermen behavior dramatically alters the conclusions about reserves. We develop, estimate, and calibrate an integrated bioeconomic model of the sea urchin fishery in northern California and use it to simulate reserve policies. Our behavioral model shows how economic incentives determine both participation and location choices of fishermen. We compare simulations with behavioral response to biological modeling that presumes that effort is spatially uniform and unresponsive to economic incentives. We demonstrate that optimistic conclusions about reserves may be an artifact of simplifying assumptions that ignore economic behavior. © 2003 Elsevier Science (USA). All rights reserved.