Threshold Effects in Coral Reef Fisheries
Multiple Steady States,Fisheries,Threshold Effects,Coral Reefs,Skiba Points
Climate Change and Sustainable Development
Coral reefs may naturally flip between coral-dominated and algae-dominated states, when species’ stocks trespass some threshold levels. This essay uses a stylized model of a coral reef to show how fishing may induce flips towards more algae-dominated states. Threshold effects have consequences for fisheries management, which are analyzed for open access fisheries and sole ownership.