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Nature reserves as a bioeconomic management tool. A simplified modeling approach
(Working paper; Arbeidsnotat, 2006-02)
This paper demonstrates analytically how a nature reserve may protect the total population, realize maximum sustainable yield (MSY), maximum economic yield (MEY) and consumer surplus (CS) and how this depends on biological growth, migration, reserve size and economic parameters. The pre-reserve population is assumed to follow the logistic growth law and two post-reserve growth models are discussed. ...