Cod Today and None Tomorrow: The Economic Value of a Marine Reserve
利用全球最大捕捞渔业之一的数据，通过随机最优控制模型计算海洋保护区的经济价值，发现最优规模的保护区能提高资源租金、缩短生物量恢复时间并降低灾难性崩溃风险。
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.