A General Business Model for Marine Reserves
A) The reserve is implemented in year zero and the fishery profit and total value (fishery and tourism combined) show short term losses before long term gains. The tourism value increase monotonically over time after implementation of the reserve. B) Medes Islands example with optimal fee per dive calculated each year. C) Medes Islands example capping the number of dives as those in 1991, to simulate actual management changes.