“…We used the model to simulate realistic system behavior, with predicted variables fitting observed data (Morzaria‐Luna, Ainsworth, Kaplan, Levin, & Fulton, ). Fisheries in the model were represented by fleets, including small‐scale, sport fishing, and industrial fisheries, whose simulated spatial use‐patterns and catches reflected our best understanding of recent fishing activity in the region (Moreno‐Báez, Orr, Cudney‐Bueno, & Shaw, ; Rábago‐Quiroz, López‐Martínez, Valdez‐Holguín, & Nevárez Martínez, ). We estimated opportunity cost per fleet based on a 1‐yr forward simulation under modeled 2008 fishing mortality and predicted biomass per functional group and catch per fleet (Data S1), and then summed all fleets for the total cost (Equation ).…”