@article{Stewart:125962,
      recid = {125962},
      author = {Stewart, Micki and Wilen, James E.},
      title = {A Two-Sector Analysis of the Galápagos Marine Reserve},
      address = {2001-01},
      number = {412-2016-25823},
      pages = {16},
      year = {2001},
      abstract = {The recent establishment of the Galápagos Marine Reserve  (GMR) presents a unique
opportunity to analyze the economic  implications of using zonification as a tool to manage  conflicting
claims to a fragile and limited resource.  Recognizing that the long-term success of the GMR depends  on
the cooperation of all of the stakeholders involved, a  remarkable feature of the new legislation is that
further  policy development depends upon analysis of the  socio-economic and environmental impacts that
the new  management regime has on both the users and the ecosystems  of the GMR. We consider some of
the economic impacts to the  residents of Galápagos, and in particular to the fisheries  sector, resulting from
the use of “no take” zones as a  management tool. We develop a simple two-sector fixed labor  model to
illustrate how the establishment of “no take”  zones, which impact the fishing sector, will also affect  the
tourism sector through both the labor market and biotic  mechanisms. Although we find that the
establishment of  marine refugia passes a rough cost-benefit analysis, we  discuss the importance of
considering the intertemporal  nature of the impacts resulting from the closure of fishing  grounds in the
GMR when analyzing the economic impacts to  the various sectors.},
      url = {http://ageconsearch.umn.edu/record/125962},
      doi = {https://doi.org/10.22004/ag.econ.125962},
}