Coral reefs management and decision making tools
In this article, we examine the problem of coral reef destruction and discuss various stakeholders who suffer losses from the destruction. We then postulate a stakeholder versus threats matrix and outline an algorithm where public authorities can streamline policy based on expected losses. We also formulate, using local data, divergence between public good and individual benefits and examine the agent behaviour under monitoring. Our examples, using previous estimations on net benefits, give guidelines on how to form public policy and management strategies.
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