FISH, FISHERS, SEALS AND TOURISTS: ECONOMIC CONSEQUENCES OF CREATING A MARINE RESERVE IN A MULTI‐SPECIES, MULTI‐ACTIVITY CONTEXT

ABSTRACT. This paper investigates some economic consequences of creating a marine reserve on both fishing and ecotourism, when the range of controllability of fishing effort is limited and the impact of the reserve on ecosystem is considered. The issue is illustrated by the example of creating a no‐... View More