Afjal Hossain, M. Nielsen, Isaac Ankamah-Yeboah, Badiuzzaman, F. Huda
The study tested market integration between cultured fish (tilapia and pangasius) against captured fish (hilsa, swamp barb, prawn, wallago, and long-whiskered catfish) in the domestic market of Bangladesh. The Johansen cointegration framework was applied to identify market integration between cultured and captured species using monthly wholesale price data for the period January 2010 to May 2017. The study showed that the law of one price was rejected in all market pairs except the pangasius and long-whiskered catfish pair, suggesting imperfectly integrated markets. The study revealed mixed evidence of weak exogeneity tests, including cultured and captured led markets as well as bidirectional relationships. Given the fact that cultured fish accounts for a substantial market share, the implication is that the supply growth of aquaculture, all other things being equal, reduces captured fish prices and, subsequently, reduces overexploitation, overcapacity, and the number of fishers in a situation where overexploitation is prevalent. This appears to lead to a double gain in the long run, with fish farmers producing and fishers catching more fish.
{"title":"Market Integration between Cultured and Captured Species in Developing Countries: Lessons from Inland Areas in Bangladesh","authors":"Afjal Hossain, M. Nielsen, Isaac Ankamah-Yeboah, Badiuzzaman, F. Huda","doi":"10.1086/712802","DOIUrl":"https://doi.org/10.1086/712802","url":null,"abstract":"The study tested market integration between cultured fish (tilapia and pangasius) against captured fish (hilsa, swamp barb, prawn, wallago, and long-whiskered catfish) in the domestic market of Bangladesh. The Johansen cointegration framework was applied to identify market integration between cultured and captured species using monthly wholesale price data for the period January 2010 to May 2017. The study showed that the law of one price was rejected in all market pairs except the pangasius and long-whiskered catfish pair, suggesting imperfectly integrated markets. The study revealed mixed evidence of weak exogeneity tests, including cultured and captured led markets as well as bidirectional relationships. Given the fact that cultured fish accounts for a substantial market share, the implication is that the supply growth of aquaculture, all other things being equal, reduces captured fish prices and, subsequently, reduces overexploitation, overcapacity, and the number of fishers in a situation where overexploitation is prevalent. This appears to lead to a double gain in the long run, with fish farmers producing and fishers catching more fish.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1086/712802","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42717993","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We investigate whether supply shocks in shrimp aquaculture caused by disease increase prices of wild-caught shrimp in the US Gulf of Mexico, using Gulf prices and US shrimp imports from Ecuador, Thailand, and Indonesia. Many studies have shown that shrimp markets are cointegrated, meaning relative prices tend not to diverge substantially or for long periods. We also find cointegration, and we evaluate a vector error correction model for structural breaks to determine whether the most significant changes in the price relationships coincide with the timing of disease crises in aquaculture. Gulf prices fell steadily throughout the early 2000s because of innovations in shrimp aquaculture, however, early mortality syndrome (EMS) caused a major disruption in aquaculture starting around 2011. Our results indicate that EMS may have precipitated a disturbance to the long-run relationship of our prices, suggesting that disease may have offered temporary benefits to the US shrimp fishery.
{"title":"Implications of Disease in Shrimp Aquaculture for Wild-Caught Shrimp","authors":"Tess Petesch, B. Dubik, Martin D. Smith","doi":"10.1086/712993","DOIUrl":"https://doi.org/10.1086/712993","url":null,"abstract":"We investigate whether supply shocks in shrimp aquaculture caused by disease increase prices of wild-caught shrimp in the US Gulf of Mexico, using Gulf prices and US shrimp imports from Ecuador, Thailand, and Indonesia. Many studies have shown that shrimp markets are cointegrated, meaning relative prices tend not to diverge substantially or for long periods. We also find cointegration, and we evaluate a vector error correction model for structural breaks to determine whether the most significant changes in the price relationships coincide with the timing of disease crises in aquaculture. Gulf prices fell steadily throughout the early 2000s because of innovations in shrimp aquaculture, however, early mortality syndrome (EMS) caused a major disruption in aquaculture starting around 2011. Our results indicate that EMS may have precipitated a disturbance to the long-run relationship of our prices, suggesting that disease may have offered temporary benefits to the US shrimp fishery.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1086/712993","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46429453","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Local commercial fishing is often claimed to attract tourists to coastal communities. We investigate the impact of local fishing on tourism demand, measured as overnight stays, in Sweden. Using municipal-level data for the period 1998–2015, we perform a quantitative analysis using ordinary least squares (OLS) as well as panel-data methods that take unobserved heterogeneity between municipalities into account. A statistically significant positive relationship is found between fishing and overnight stays when OLS is used as the estimation method. The relationship is also found to be stronger on the west and south coasts of Sweden, regions where the fishing cultural heritage is particularly recognized. However, when using panel-data methods that introduce fixed effects for municipalities, we are not able to find a stable significant relationship between fishing and tourism. We therefore find it difficult to claim that fishing promotes tourism, at least when tourism is measured as overnight stays.
{"title":"Local Fisheries and Thriving Harbors: Is There a Value for the Tourism Sector?","authors":"A. Andersson, Johan Blomquist, S. Waldo","doi":"10.1086/712819","DOIUrl":"https://doi.org/10.1086/712819","url":null,"abstract":"Local commercial fishing is often claimed to attract tourists to coastal communities. We investigate the impact of local fishing on tourism demand, measured as overnight stays, in Sweden. Using municipal-level data for the period 1998–2015, we perform a quantitative analysis using ordinary least squares (OLS) as well as panel-data methods that take unobserved heterogeneity between municipalities into account. A statistically significant positive relationship is found between fishing and overnight stays when OLS is used as the estimation method. The relationship is also found to be stronger on the west and south coasts of Sweden, regions where the fishing cultural heritage is particularly recognized. However, when using panel-data methods that introduce fixed effects for municipalities, we are not able to find a stable significant relationship between fishing and tourism. We therefore find it difficult to claim that fishing promotes tourism, at least when tourism is measured as overnight stays.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1086/712819","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48852952","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
D. Ovando, G. Libecap, Katherine D Millage, L. Thomas
Bigeye tuna in the Western and Central Pacific Ocean were perceived as overfished for nearly 20 years, in large part because of incidental catch in the much larger skipjack tuna fishery. Efforts to halt the overfishing of bigeye stalled because of disagreements over the distribution of costs and benefits from reform. An alternative Coasean-style approach to setting both harvesting levels and the allocation of costs and benefits might offer a path forward. We calculate the costs and benefits of achieving bigeye conservation goals and describe an exchange through which benefits could be realized via removal of fish-aggregating devices (FADs). Through trade, aggregate benefits and costs are more apt to be in balance relative to mandated protection controls. The realities of bargaining costs in a multilateral setting are not underappreciated, but in light of existing stalemates in this and other fisheries, consideration of Coasean-style approaches is warranted.
{"title":"Coasean Approaches to Address Overfishing: Bigeye Tuna Conservation in the Western and Central Pacific Ocean","authors":"D. Ovando, G. Libecap, Katherine D Millage, L. Thomas","doi":"10.1086/711853","DOIUrl":"https://doi.org/10.1086/711853","url":null,"abstract":"Bigeye tuna in the Western and Central Pacific Ocean were perceived as overfished for nearly 20 years, in large part because of incidental catch in the much larger skipjack tuna fishery. Efforts to halt the overfishing of bigeye stalled because of disagreements over the distribution of costs and benefits from reform. An alternative Coasean-style approach to setting both harvesting levels and the allocation of costs and benefits might offer a path forward. We calculate the costs and benefits of achieving bigeye conservation goals and describe an exchange through which benefits could be realized via removal of fish-aggregating devices (FADs). Through trade, aggregate benefits and costs are more apt to be in balance relative to mandated protection controls. The realities of bargaining costs in a multilateral setting are not underappreciated, but in light of existing stalemates in this and other fisheries, consideration of Coasean-style approaches is warranted.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1086/711853","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47019558","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Fishery collapse has been defined as a fishery with annual landings less than 10% of the historic maximum observed catch. However, this 10% rule is not grounded in bioeconomic theory despite being widely used in empirical economic studies of fisheries. We assess the 10% rule by simulating fisheries under pure open access, open access with cost changes, open access with critical depensation, optimal management (both deterministic and stochastic cases), and rebuilding plans. We show that the 10% rule generates false negatives and false positives, and that the prevalence of these problems varies under different institutional configurations, economic incentives, and biological conditions. We urge researchers to abandon this outcome measure for comparative empirical tests and encourage more research on collapse that attends to human agency and institutions.
{"title":"Fishery Collapse Revisited","authors":"Qingran Li, Martin D. Smith","doi":"10.1086/711233","DOIUrl":"https://doi.org/10.1086/711233","url":null,"abstract":"Fishery collapse has been defined as a fishery with annual landings less than 10% of the historic maximum observed catch. However, this 10% rule is not grounded in bioeconomic theory despite being widely used in empirical economic studies of fisheries. We assess the 10% rule by simulating fisheries under pure open access, open access with cost changes, open access with critical depensation, optimal management (both deterministic and stochastic cases), and rebuilding plans. We show that the 10% rule generates false negatives and false positives, and that the prevalence of these problems varies under different institutional configurations, economic incentives, and biological conditions. We urge researchers to abandon this outcome measure for comparative empirical tests and encourage more research on collapse that attends to human agency and institutions.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2020-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1086/711233","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46808276","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Small-scale fishers’ short-run supply decisions are understudied, often because of data limitations. We utilize a unique dataset of daily catches and prices from a mixed-species trawl fishery in Taiwan, characterized by targeting decisions made before prices are formed. To investigate the effect of expected prices on fishers’ supply decisions, we formulate a vector error correction model in a seemingly unrelated regression system of 11 fish species. We find a price-elastic short-run supply for several species: the maximum daily price elasticity of supply (PES) ranges from 0.4 to 1.1 and is statistically significant for all but one species. The long-run PES (approx. weekly) is >1 for eight species. In contrast, elasticity with respect to wave height is weak (the median short-run elasticity is −0.4). These findings are unexpected for trawl fisheries, which are believed to have low selectivity. Our results highlight the potential that auction markets have to incentivize fishing that emphasizes quality over quantity.
{"title":"The Day-to-Day Supply Responses of a Limited-Entry Mixed Fishery","authors":"Xiaozi Liu, D. Shaw, T. Bjørndal, M. Heino","doi":"10.1086/711384","DOIUrl":"https://doi.org/10.1086/711384","url":null,"abstract":"Small-scale fishers’ short-run supply decisions are understudied, often because of data limitations. We utilize a unique dataset of daily catches and prices from a mixed-species trawl fishery in Taiwan, characterized by targeting decisions made before prices are formed. To investigate the effect of expected prices on fishers’ supply decisions, we formulate a vector error correction model in a seemingly unrelated regression system of 11 fish species. We find a price-elastic short-run supply for several species: the maximum daily price elasticity of supply (PES) ranges from 0.4 to 1.1 and is statistically significant for all but one species. The long-run PES (approx. weekly) is >1 for eight species. In contrast, elasticity with respect to wave height is weak (the median short-run elasticity is −0.4). These findings are unexpected for trawl fisheries, which are believed to have low selectivity. Our results highlight the potential that auction markets have to incentivize fishing that emphasizes quality over quantity.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2020-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1086/711384","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41385466","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Md. Takibur Rahman, R. Nielsen, M. Khan, Dewan Ahsan
The growing aquaculture industry is facing several challenges including risks and uncertainties. Studies exploring farmers’ risk perceptions and risk management strategies are, however, limited within pond aquaculture, although they are well described within the field of agriculture. This study explores farmers’ risk perceptions and risk management strategies in pond aquaculture and the relationship of risk perceptions and risk management strategies with farm and farmers’ characteristics. The data are analyzed using principal component analysis and multivariate regression. The results show that price variability and financial risks are perceived as the most influential risk factors. Farm management and financing are perceived as the most effective risk management strategies. In most cases, farmers need to focus on more than one risk management strategy to address a particular type of risk. This study provides knowledge of farmers’ risk perceptions and strategies, which can be used to develop better and more focused management strategies. The authors would like to thank three anonymous reviewers for their suggestions and comments that helped substantially to improve the paper. The authors would also like to thank the Danish International Development Agency (DANIDA) for its financial support for the project “Upgrading Pangas and Tilapia Value Chains in Bangladesh,” project number F38A26778, under which this research was conducted.
{"title":"Perceived Risk and Risk Management Strategies in Pond Aquaculture","authors":"Md. Takibur Rahman, R. Nielsen, M. Khan, Dewan Ahsan","doi":"10.1086/711066","DOIUrl":"https://doi.org/10.1086/711066","url":null,"abstract":"The growing aquaculture industry is facing several challenges including risks and uncertainties. Studies exploring farmers’ risk perceptions and risk management strategies are, however, limited within pond aquaculture, although they are well described within the field of agriculture. This study explores farmers’ risk perceptions and risk management strategies in pond aquaculture and the relationship of risk perceptions and risk management strategies with farm and farmers’ characteristics. The data are analyzed using principal component analysis and multivariate regression. The results show that price variability and financial risks are perceived as the most influential risk factors. Farm management and financing are perceived as the most effective risk management strategies. In most cases, farmers need to focus on more than one risk management strategy to address a particular type of risk. This study provides knowledge of farmers’ risk perceptions and strategies, which can be used to develop better and more focused management strategies. The authors would like to thank three anonymous reviewers for their suggestions and comments that helped substantially to improve the paper. The authors would also like to thank the Danish International Development Agency (DANIDA) for its financial support for the project “Upgrading Pangas and Tilapia Value Chains in Bangladesh,” project number F38A26778, under which this research was conducted.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2020-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1086/711066","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43964796","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Because of economic development and food safety concerns, an increasing number of middle-class consumers in China are demanding higher-quality food and more environmentally friendly food production methods. In this paper, we design a choice experiment to assess Chinese consumers’ preference for high-quality imported salmon through their willingness to pay (WTP) for various product attributes, especially the production environment attribute. We included a policy consequentiality script at the beginning of the survey and a consequentiality perception check at the end to test the effect of the device on Chinese consumers’ survey responses. The results show that Chinese consumers value the safety certification label of salmon with the highest premium, followed by chilled, wild-caught, and dark red color attributes of salmon. The WTP premiums from the consumers who were provided with the consequentiality script are significantly lower than those from consumers not provided with such a script, and the consequentiality perceptions are also enhanced by the script treatment.
{"title":"Fishing or Aquaculture? Chinese Consumers’ Stated Preference for the Growing Environment of Salmon through a Choice Experiment and the Consequentiality Effect","authors":"Qiujie Zheng, J. Shogren","doi":"10.1086/711385","DOIUrl":"https://doi.org/10.1086/711385","url":null,"abstract":"Because of economic development and food safety concerns, an increasing number of middle-class consumers in China are demanding higher-quality food and more environmentally friendly food production methods. In this paper, we design a choice experiment to assess Chinese consumers’ preference for high-quality imported salmon through their willingness to pay (WTP) for various product attributes, especially the production environment attribute. We included a policy consequentiality script at the beginning of the survey and a consequentiality perception check at the end to test the effect of the device on Chinese consumers’ survey responses. The results show that Chinese consumers value the safety certification label of salmon with the highest premium, followed by chilled, wild-caught, and dark red color attributes of salmon. The WTP premiums from the consumers who were provided with the consequentiality script are significantly lower than those from consumers not provided with such a script, and the consequentiality perceptions are also enhanced by the script treatment.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2020-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1086/711385","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41952605","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
To date, the empirical literature on spatial closures has focused on specific fleets and/or areas, and relatively less attention has been paid to the evaluation of responses to large-scale spatial restrictions on ocean fishing. Where such restrictions occur, a broad range of fleets may be affected, with diverse response mechanisms determining the redistribution of fishing effort and the associated welfare impacts. We propose a methodological approach to address such situations. Using hypothetical scenarios regarding the closure of the UK exclusive economic zone (EEZ) to a diverse subset of French vessels as an example, we develop a spatial discrete choice model that incorporates the possibility to adjust the resolution of choice sets at the fleet level to account for heterogeneous behavioral patterns across fleets. We show how neglecting fleet diversity in the choice of the spatial resolution of analysis may bias the results of an impact study on large spatial closures.
{"title":"Accounting for Fleet Heterogeneity in Estimating the Impacts of Large-Scale Fishery Closures","authors":"Maxime Dépalle, O. Thébaud, J. Sanchirico","doi":"10.1086/710514","DOIUrl":"https://doi.org/10.1086/710514","url":null,"abstract":"To date, the empirical literature on spatial closures has focused on specific fleets and/or areas, and relatively less attention has been paid to the evaluation of responses to large-scale spatial restrictions on ocean fishing. Where such restrictions occur, a broad range of fleets may be affected, with diverse response mechanisms determining the redistribution of fishing effort and the associated welfare impacts. We propose a methodological approach to address such situations. Using hypothetical scenarios regarding the closure of the UK exclusive economic zone (EEZ) to a diverse subset of French vessels as an example, we develop a spatial discrete choice model that incorporates the possibility to adjust the resolution of choice sets at the fleet level to account for heterogeneous behavioral patterns across fleets. We show how neglecting fleet diversity in the choice of the spatial resolution of analysis may bias the results of an impact study on large spatial closures.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2020-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1086/710514","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49127367","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
S. Simnitt, Lisa A. House, Sherry Larkin, Jennifer Sweeney Tookes, T. Yandle
Invasive lionfish are affecting reef ecosystems along the Gulf Coast and Caribbean. By establishing commercial fisheries and harvesting lionfish in mass, it may be possible to reduce their ecological footprint in the region. Nonetheless, there has been little research assessing the viability of a consumer market for lionfish meat. Using data collected in the US Virgin Islands (USVI), this study examines individuals’ willingness to participate in a hypothetical market for lionfish meat and their potential consumption levels. Consumer willingness to pay (WTP) for lionfish meat is also estimated. Findings suggest that individuals’ market participation and consumption levels are correlated with concerns for food safety and the environment, and consumer WTP is compatible with dockside prices of other species of reef fish. These findings suggest that a latent demand structure for lionfish meat may already exist in the USVI and that the prospect of a commercial fishery is worth additional exploration.
{"title":"Using Markets to Control Invasive Species: Lionfish in the US Virgin Islands","authors":"S. Simnitt, Lisa A. House, Sherry Larkin, Jennifer Sweeney Tookes, T. Yandle","doi":"10.1086/710254","DOIUrl":"https://doi.org/10.1086/710254","url":null,"abstract":"Invasive lionfish are affecting reef ecosystems along the Gulf Coast and Caribbean. By establishing commercial fisheries and harvesting lionfish in mass, it may be possible to reduce their ecological footprint in the region. Nonetheless, there has been little research assessing the viability of a consumer market for lionfish meat. Using data collected in the US Virgin Islands (USVI), this study examines individuals’ willingness to participate in a hypothetical market for lionfish meat and their potential consumption levels. Consumer willingness to pay (WTP) for lionfish meat is also estimated. Findings suggest that individuals’ market participation and consumption levels are correlated with concerns for food safety and the environment, and consumer WTP is compatible with dockside prices of other species of reef fish. These findings suggest that a latent demand structure for lionfish meat may already exist in the USVI and that the prospect of a commercial fishery is worth additional exploration.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2020-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1086/710254","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45021321","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：