Abstract
The management of marine resources is often impeded by a lack of models to integrate ecological and economic information on exploited populations. We used available biological and economic data for an overexploited population of the leopard grouper ( Mycteroperca rosacea) to study if closing parts of the population to fishing would allow sustainable use and maximum economic benefits. Our results suggest that fishing should be closed in all spawning areas and in at least 50% of the adjacent areas. High non-consumptive benefits would be achieved with large closures because the abundance of the leopard groupers, which is an important attribute for SCUBA divers, would increase. In a no-take reserve, the welfare gains of divers seemingly could compensate for losses incurred by fishers if parts of their fishing grounds are closed. An adaptive management scheme could provide a way to incorporate newly available information into management decisions for the no-take reserve.
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