from Part III - Assessment of the effectiveness of marine protected areas
Published online by Cambridge University Press: 05 August 2012
Introduction
Bioeconomics may be simply described as economics applied to human activities dealing with biological processes, such as forestry, farming, or fishing. Accordingly, a bioeconomic model is a simplified and formalized representation of interacting biological and economic processes. It is usually made up of three components: a biological component, describing the bioecological processes at work, a technical component, describing the way human activities interact with this processes, and an economic component, describing the results of these activities in terms of (market or non-market) costs and benefits, and the consequences of these results on human behaviors.
Historically, fisheries economics has played a prominent role in the development of bioeconomic modeling (Gordon, 1954; Schaefer, 1957; Clark, 1990). Various topics concerning the fishing industry have been investigated with the help of bioeconomic models and, for the last 15 years, these models have represented a major analytic tool used by economic studies concerning the role of marine protected areas (MPAs) in fisheries management.
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