The economic study of no-take marine reserves is evolving. Ten years ago, economists largely examined such reserves from the vantage of the fishing industry, and were generally skeptical of their justification. Now, armed with models that are increasingly informed by fish stock biology and concerns about uncertainty, economists are forging a new understanding of the economic and societal values involved in the practice of reserves.
Experts gathered last month in Vancouver, British Columbia (Canada), to discuss new trends in the study of marine-reserve economics. The conference, "Economics of Marine Protected Areas," sponsored by the Fisheries Centre of the University of British Columbia, offered insights for MPA practitioners on how economists are viewing the field. Several of these insights could assist planners and managers in their work.