Nota di Lavoro, Fondazione Eni Enrico Mattei 107.2003
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.
Multiple Steady States Fisheries Threshold Effects Coral Reefs Skiba Points