The relationship between oil reserves and oil extraction has recently become of interest to research community. Current empirical literature lacks an identification strategy that addresses endogeneity problem. This study takes advantage of (arguably) exogenous reserves discoveries to identify the effect of size of reserves on oil production. Our findings show that although in general oil produc...

In this paper we adopt a non linear approach to examine the dynamics of the international reserves holdings by the emerging economies. To do so, we estimate the demand for international reserves with a panel smooth transition model, that loosens two restricting hypotheses, homogeneity and time-stability. We find evidence for the presence of a non linear behavior in the demand for international ...

Marine reserves affect areas outside reserve boundaries via the displacement of fishing effort and the export of production. Here we focus on how these key factors interact to influence the results seen once reserves are created. For a settlement-limited fishery, export of increased production from within reserves can offset the effects of displaced fishing effort. We develop simple mathematica...

Marine reserves are increasingly recognized as having linked social and ecological dynamics. This study investigates how the ecological performance of 56 marine reserves throughout the Philippines, Caribbean, and Western Indian Ocean (WIO) is related to both reserve design features and the socioeconomic characteristics in associated coastal communities. Ecological performance was measured as fi...

Marine reserves can help in maintaining biodiversity and potentially be useful as a Wshery management tool by removing human-mediated impacts. Intertidal, soft-sediment habitats can often support robust recreational and commercial shellWsh harvests, especially for clams; however, there is limited research on the eVects of reserves in these habitats. In San Juan County, Washington, several reser...

We examine the logic of designing nature reserves to understand better how to integrate the concepts of representativeness and persistence. Simple models of viability are used to evaluate how the expected number of species in the reserve system changes with variation in the risk of extinction among species, their rate of occurrence, and the distribution of species. The optimal size of individua...

Benjamin S. Halpern* and Robert R. Warner Department of Ecology, Evolution, and Marine Biology, University of California, Santa Barbara, CA, 93106, U.S.A. *Correspondence: E-mail: [email protected] Abstract Marine reserves are becoming a popular tool for marine conservation and resource management worldwide. In the past, reserves have been created with little understanding of how they ac...

Marine reserves are an effective tool for protecting biodiversity locally, with potential economic benefits including enhancement of local fisheries, increased tourism, and maintenance of ecosystem services. However, fishing communities often fear short-term income losses associated with closures, and thus may oppose marine reserves. Here we review empirical data and develop bioeconomic models ...

Active participation of demand-side resources in power system control tasks, i.e., demand response, is expected to facilitate the integration of renewable energy sources in the grid. In this paper, we present a novel hierarchical control scheme to enable provision of frequency control reserves by a pool of office buildings managed by an aggregator. The reserves are provided by controlling the c...