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Cod today and none tomorrow: the economic value of a marine reserve: WORKING PAPER

Created 23/06/2025

Updated 23/06/2025

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This record describes, and links to a working paper produced through the Crawford School of Economics and Government at The Australian National University in Canberra.

Using data from what was once one of the world's largest capture fisheries the economic value of a marine reserve is calculated using a stochastic optimal control model with a jump diffusion process. The results show that with a stochastic environment an optimal-sized marine reserve can generate a triple payoff that (a), raises the resource rent even when harvesting is 'optimal', (b) decreases the recovery time for the biomass to return to its former state and smooths fishers' harvests and resource rents, and (c), lowers the chance of a catastrophic collapse following a negative shock.

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Additional Info

Field Value
Title Cod today and none tomorrow: the economic value of a marine reserve: WORKING PAPER
Language eng
Licence Not Specified
Landing Page https://data.gov.au/data/dataset/65bf618d-aa92-41ea-921f-0f2e367b96d2
Contact Point
Australian Ocean Data Network
tom.kompas@anu.edu.au
Reference Period 30/04/2015
Geospatial Coverage Australia
Data Portal Australian Oceans Data Network

Data Source

This dataset was originally found on Australian Oceans Data Network "Cod today and none tomorrow: the economic value of a marine reserve: WORKING PAPER". Please visit the source to access the original metadata of the dataset:
https://catalogue.aodn.org.au/geonetwork/srv/eng/csw/dataset/cod-today-and-none-tomorrow-the-economic-value-of-a-marine-reserve-working-paper1