Publications

2025

Abstract for Retention bans are beneficial but insufficient to stop shark overfishing

Sharks are among the most threatened groups of exploited fishes, comprising common bycatch across many fisheries. Management efforts intended to safeguard threatened species have increasingly focused on retention bans to reduce bycatch mortality. However, the population effects of such measures remain unevaluated across species. We combined available data from 160 studies providing estimates of at-vessel or post-release mortality for 147 taxa caught by different fishing gears to create random-forest regression models and predict mortality rates for 341 shark species incidentally captured by longlines or gillnets. Smaller-bodied species inhabiting shallow waters were more likely to suffer at-vessel mortality compared to their deep-water counterparts, for which post-release mortality was more likely to occur. We then used results for longlines to simulate the effect of retention bans in reducing fishing mortality to sustainable levels. Our metric consists of the ratio between the proportion of each species' population caught and discarded (PMAX) under a retention ban divided by the fishing mortality (F) predicted to achieve maximum sustainable yield (FMSY). Our calculations show that a retention ban yielded an average ~ three-fold higher PMAX compared to FMSY, with 18% of the species having PMAX/FMSY < 2, 72.3% having 2 < PMAX/FMSY < 5, and 9.7% having PMAX/FMSY > 5. For threatened species, median PMAX/FMSY = 2.28 and non-threatened ones had median PMAX/FMSY = 2.77. Our study shows that retention bans could reduce shark mortality, but must be combined with additional measures to stop overfishing, especially for low-productivity species. 

Marine protected areas for dive tourism

Cabral et al. 2025, Scientific Reports

Abstract for Marine protected areas for dive tourism

Marine and coastal tourism deliver economic benefits to coastal communities that far surpass those generated by fisheries, yet its potential contribution to global marine conservation remains underexamined. Marine Protected Areas (MPAs) help restore biodiversity and enhance nearby fisheries, but their direct tourism benefits are not well understood. Here, we estimate the global demand for recreational scuba dive tourism, map the distribution and protection status of all marine dive sites globally, and develop a bioeconomic model to estimate the revenue gains from upgrading unprotected dive sites to fully protected MPAs. We estimate that 33.1 million scuba dives occur annually in marine environments worldwide, with 70% taking place within MPAs. However, only 15% of these MPA-affiliated dive sites are highly or fully protected. We show that designating all unprotected recreational dive sites, representing less than 1% of the global ocean, as highly or fully protected MPAs would improve fish biomass and biodiversity while generating an additional US$2 billion per year in direct tourism revenue (not including economic multipliers). Importantly, 62% of marine diving currently occurs in developing countries, underscoring the potential for dive tourism to support both marine conservation and local livelihoods in regions where such benefits are most needed.

Input subsidies and the depletion of natural capital: Chinese distant water fishing

Englander et al. 2025, Journal of Environmental Economics and Management

Principal Investigator(s): Olivier Deschenes, Christopher Costello

Abstract for Input subsidies and the depletion of natural capital: Chinese distant water fishing

Input subsidies in natural resource sectors are widely believed to deplete the natural capital on which these sectors depend. However, estimating the causal effect of subsidies on resource extraction has been stymied by identification and data challenges. China’s fishing fleet is the world’s largest, and in 2016 the government changed its fuel subsidy policy for distant water vessels to one that increases with predetermined vessel characteristics. Regression discontinuity estimates imply a long-run equilibrium elasticity of fishing hours with respect to fuel subsidies of 2.2, though these estimates exhibit only modest precision according to randomization inference. Back-of-the-envelope calculations suggest that reducing Chinese distant water fuel subsidies by 50% could increase fish stocks across ocean regions by a median of 5.5%.

Charting a science course for the sustainable transformation of aquatic food systems

Agostini et al. 2025, ICES Journal of Marine Science

Principal Investigator(s): Christopher Costello

Abstract for Charting a science course for the sustainable transformation of aquatic food systems

Aquatic foods hold a unique potential to contribute to a much-needed transformation of food systems thanks to their high nutritional value, cultural significance, and relatively low environmental impact. However, realizing this potential requires a transformative approach to help overcome two grand challenges: sustainably increasing the production of nutritious aquatic foods and ensuring equitable access to these resources. This paper highlights the key recommendations from the White Paper on Challenge 3 (‘Sustainably nourish the global population’) of the United Nations Decade of Ocean Science for Sustainable Development (hereafter, the Ocean Decade), developed by a group of experts under the Vision 2030 process, on the science needed to support a ‘Blue Transformation’. A holistic, interdisciplinary science agenda is proposed, emphasizing strengthened institutional and public–private partnerships, prioritizing the inclusion of small-scale actors, women, and youth, and focusing on delivering science targeted to solve specific challenges. The Ocean Decade provides a platform to catalyse these efforts, fostering a paradigm shift towards inclusive, co-created science. Achieving these goals will enable aquatic food systems to contribute significantly to global food security and the Sustainable Development Goals by 2030.

2024

stagg:: A data pre-processing R package for climate impacts analysis

Liddell et al. 2024, Environmental Modelling and Software

Probabilistic programming for embedding theory and quantifying uncertainty in econometric analysis

Storm, Heckelei, and Baylis 2024, European Review of Agricultural Economics

The effect of NAFTA on Mexico's wage gap

Arends-Kuenning, Baylis, and Garduño-Rivera 2024, The Annals of Regional Science

Towards higher performing fisheries: Options for sustainable and productive fisheries in Indonesia

World Bank and Ministry of Marine Affairs and Fisheries 2024, The World Bank

A market for 30x30 in the ocean

Villasenor-Derbez, Costello, and Plantinga 2024, Science

The shadow cost of mobile public bads

Tsao and Costello 2024, Journal of Environmental Economics and Management

Credit markets, property rights, and the commons

Noack and Costello 2024, Journal of Political Economy

Adapting to climate change accounting for individual beliefs

Zappalà 2024, Journal of Development Economics