R. Pincinato, F. Asche, A. Cojocaru, Yaqin Liu, K. Roll
Individual fishing quotas give fishers incentives to reduce costs (or increase productivity), lengthen the harvest season and increase price by improving catch quality. To what extent each of these three effects will be present when the management system is changed in a specific fishery depends on the characteristics of the fishery and on themarkets and supply chains served. This paper uses a difference-in-differences approach to investigate the impact on all three outcomes of a regulatory change that introduced individual fishing quotas with some transferability foragroupofcoastal vessels in theNorwegianwhitefishfisheries. The results indicatehigherex-vessel prices after the regulatory change, which imply higher quality of the fish landed, but show no significant extension of the fishing season or reduction of the average cost.
{"title":"The Impact of Transferable Fishing Quotas on Cost, Price, and Season Length","authors":"R. Pincinato, F. Asche, A. Cojocaru, Yaqin Liu, K. Roll","doi":"10.1086/716728","DOIUrl":"https://doi.org/10.1086/716728","url":null,"abstract":"Individual fishing quotas give fishers incentives to reduce costs (or increase productivity), lengthen the harvest season and increase price by improving catch quality. To what extent each of these three effects will be present when the management system is changed in a specific fishery depends on the characteristics of the fishery and on themarkets and supply chains served. This paper uses a difference-in-differences approach to investigate the impact on all three outcomes of a regulatory change that introduced individual fishing quotas with some transferability foragroupofcoastal vessels in theNorwegianwhitefishfisheries. The results indicatehigherex-vessel prices after the regulatory change, which imply higher quality of the fish landed, but show no significant extension of the fishing season or reduction of the average cost.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45294464","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}
Hedonic property value methods typically examine the effect of water quality on home prices by focusing on waters nearest a home. While this captures any aesthetic values households may hold for water quality improvements, it may not fully reflect recreational values, particularly for nearby residents that do not live on the waterfront. This study is the first to compare the conventional approach of examining how property prices vary with the quality of waters closest to a home, versus water quality levels at the closest point of access for recreation (i.e., the beach). Using spatial econometric models, we conduct a hedonic analysis of residences within five kilometers of the Long Island Sound. Due to an aging infrastructure, high levels of precipitation often lead to sewage overflows, resulting in high counts of enterococcus – a bacterial indicator of fecal pollution. We also estimate the effect of subsequent beach closures, which we posit as an alternative and more salient signal of local water quality to residents. In line with previous literature, we find that enterococcus levels at waters nearest a home negatively affect home prices within 1 kilometer. However, this effect becomes insignificant when controlling for levels at the nearest beach. In contrast, enterococcus at the closest beach yields a negative 0.03% to 0.02% elasticity that extends 2.5 km. Controlling for beach closures suggests negative effects as far as 3.5 km from beaches. Our findings demonstrate that the impact of water quality on home prices may extend further than previously suggested by the literature, at least at large iconic waterbodies like the Sound.
{"title":"Comparing Pollution Where You Live and Play: A Hedonic Analysis of Enterococcus in the Long Island Sound","authors":"M. Kung, Dennis Guignet, P. Walsh","doi":"10.1086/717265","DOIUrl":"https://doi.org/10.1086/717265","url":null,"abstract":"Hedonic property value methods typically examine the effect of water quality on home prices by focusing on waters nearest a home. While this captures any aesthetic values households may hold for water quality improvements, it may not fully reflect recreational values, particularly for nearby residents that do not live on the waterfront. This study is the first to compare the conventional approach of examining how property prices vary with the quality of waters closest to a home, versus water quality levels at the closest point of access for recreation (i.e., the beach). Using spatial econometric models, we conduct a hedonic analysis of residences within five kilometers of the Long Island Sound. Due to an aging infrastructure, high levels of precipitation often lead to sewage overflows, resulting in high counts of enterococcus – a bacterial indicator of fecal pollution. We also estimate the effect of subsequent beach closures, which we posit as an alternative and more salient signal of local water quality to residents. In line with previous literature, we find that enterococcus levels at waters nearest a home negatively affect home prices within 1 kilometer. However, this effect becomes insignificant when controlling for levels at the nearest beach. In contrast, enterococcus at the closest beach yields a negative 0.03% to 0.02% elasticity that extends 2.5 km. Controlling for beach closures suggests negative effects as far as 3.5 km from beaches. Our findings demonstrate that the impact of water quality on home prices may extend further than previously suggested by the literature, at least at large iconic waterbodies like the Sound.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44304315","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}
Commercial fishers are constantly exposed to many risk factors, making it a dangerous occupation. Fisheries management that limits access and catches can give rise to well-known stock and rule-of-capture externalities knownas the “race tofish.”Thismarket failuredissipates rents andcan leadfishers to takeonadditional risks such as fishing in poor weather, overloading vessels, or delaying maintenance to outcompete others. Rights-based management is expected to reduce the incentives to take on additional risk. Using a large dataset of fishers from around the United States, we empirically estimate the effects of individual fishing quota (IFQ) programs on one important risk factor: the decision to fish in poor weather. We find that risk-taking behavior generally decreases under IFQs, but themagnitudeof the shift differs by fishery, andweexplore potential drivers of these differences.
{"title":"A Safer Catch? The Role of Fisheries Management in Fishing Safety","authors":"Lisa Pfeiffer, Tess Petesch, Thamanna Vasan","doi":"10.1086/716856","DOIUrl":"https://doi.org/10.1086/716856","url":null,"abstract":"Commercial fishers are constantly exposed to many risk factors, making it a dangerous occupation. Fisheries management that limits access and catches can give rise to well-known stock and rule-of-capture externalities knownas the “race tofish.”Thismarket failuredissipates rents andcan leadfishers to takeonadditional risks such as fishing in poor weather, overloading vessels, or delaying maintenance to outcompete others. Rights-based management is expected to reduce the incentives to take on additional risk. Using a large dataset of fishers from around the United States, we empirically estimate the effects of individual fishing quota (IFQ) programs on one important risk factor: the decision to fish in poor weather. We find that risk-taking behavior generally decreases under IFQs, but themagnitudeof the shift differs by fishery, andweexplore potential drivers of these differences.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49059225","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}
Daily harvest limits are a common form of regulation in consumptive recreation. We show that angler willingness to pay for a bag limit change is an option price and show how it relates to the value of harvest changes. Specifically, if expected utility theory holds, then option prices for one-fish bag limit increments along with catch distributions can be used to “recover” the compensating surplus (CS) for harvest increments. We also show that further assumptions (e.g., risk neutrality) are necessary to recover the CS for harvest from option prices for larger bag limit increments. We demonstrate our method using a choice experiment and catch data for Gulf of Mexico anglers. This work gives analysts a way to adapt the information at hand to the policy question. For example, when CS estimates are needed for an ex post analysis, but only option prices are available, our work shows how to obtain the required CS information.
{"title":"The Option Price of Recreational Bag Limits and the Value of Harvest","authors":"D. Carter, C. Liese, Sabrina J. Lovell","doi":"10.1086/717284","DOIUrl":"https://doi.org/10.1086/717284","url":null,"abstract":"Daily harvest limits are a common form of regulation in consumptive recreation. We show that angler willingness to pay for a bag limit change is an option price and show how it relates to the value of harvest changes. Specifically, if expected utility theory holds, then option prices for one-fish bag limit increments along with catch distributions can be used to “recover” the compensating surplus (CS) for harvest increments. We also show that further assumptions (e.g., risk neutrality) are necessary to recover the CS for harvest from option prices for larger bag limit increments. We demonstrate our method using a choice experiment and catch data for Gulf of Mexico anglers. This work gives analysts a way to adapt the information at hand to the policy question. For example, when CS estimates are needed for an ex post analysis, but only option prices are available, our work shows how to obtain the required CS information.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45746096","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}
H. Albers, Carlos Chávez, J. Dresdner, Mauricio Leiva
Chile’s extended allocation of marine user rights aims to reduce overextraction of marine resources. New user rights promote small-scale aquaculture both to increase coastal incomes and to encourage fishers to transition to other livelihoods. Some activities prove profitable only in particular biogeographic settings, such as open ocean or estuaries. We examine a coastal region of Chile to investigate the response of households to these marine-based activities and rights. Because residents report a low propensity to move, we analyze the drivers of household activity choices conditioned on their biogeographic zone and user rights. In a second step, we find that variability in income across households is explained by household characteristics, the chosen economic activities, and geographical location. In policy experiments based on these regression results, we find that the adjustment to new policies presents challenges for inducing fishers to undertake small-scale aquaculture, without imposing short-run income losses.
{"title":"Prospects for Small-Scale Aquaculture in Chile: User Rights and Locations","authors":"H. Albers, Carlos Chávez, J. Dresdner, Mauricio Leiva","doi":"10.1086/715548","DOIUrl":"https://doi.org/10.1086/715548","url":null,"abstract":"Chile’s extended allocation of marine user rights aims to reduce overextraction of marine resources. New user rights promote small-scale aquaculture both to increase coastal incomes and to encourage fishers to transition to other livelihoods. Some activities prove profitable only in particular biogeographic settings, such as open ocean or estuaries. We examine a coastal region of Chile to investigate the response of households to these marine-based activities and rights. Because residents report a low propensity to move, we analyze the drivers of household activity choices conditioned on their biogeographic zone and user rights. In a second step, we find that variability in income across households is explained by household characteristics, the chosen economic activities, and geographical location. In policy experiments based on these regression results, we find that the adjustment to new policies presents challenges for inducing fishers to undertake small-scale aquaculture, without imposing short-run income losses.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46743242","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}
Overfishing has become a major global issue that endangers ecosystems and the livelihoods of millions of people. Weak enforcement and illicit fishing behaviors limit the effectiveness of institutional arrangements designed to curb overfishing. In this paper, we designed and tested a series of potential interventions to reduce overexploitation driven by illegal fishing. We use surveys, interviews, and common pool resource experiments to investigate the behavior of Mexican fishermen in the upper part of the Gulf of Baja California. We find that resource exploitation can be reduced using a mechanism that regroups fishermen according to their past fishing exploitation levels. More precisely, we observe that the announcement of this mechanism and the actual regrouping reduce common pool exploitation, regardless of group composition. Further experimental evidence shows that the regrouping intervention also achieves the desired outcomes in environments with informational asymmetries or regrouping imperfections.
{"title":"Regrouping to Reduce Overfishing: Evidence from a Series of Lab-in-the-Field Experiments in Mexico","authors":"A. Leibbrandt, Sergio Puerto, M. Vélez","doi":"10.1086/715442","DOIUrl":"https://doi.org/10.1086/715442","url":null,"abstract":"Overfishing has become a major global issue that endangers ecosystems and the livelihoods of millions of people. Weak enforcement and illicit fishing behaviors limit the effectiveness of institutional arrangements designed to curb overfishing. In this paper, we designed and tested a series of potential interventions to reduce overexploitation driven by illegal fishing. We use surveys, interviews, and common pool resource experiments to investigate the behavior of Mexican fishermen in the upper part of the Gulf of Baja California. We find that resource exploitation can be reduced using a mechanism that regroups fishermen according to their past fishing exploitation levels. More precisely, we observe that the announcement of this mechanism and the actual regrouping reduce common pool exploitation, regardless of group composition. Further experimental evidence shows that the regrouping intervention also achieves the desired outcomes in environments with informational asymmetries or regrouping imperfections.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45762353","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}
Thuy Thi Thanh Pham, O. Flaaten, L. T. Nguyen, N. Vu
Subsidies are part of the set of management tools that governments apply to modernize their fishing fleets and enable them to engage in offshore and international fisheries. Research has shown that subsidies often lead to overcapacity and overfishing, resulting in the depletion of fish stocks. A few studies, however, have found some positive effects for particular subsidies. In this paper, we investigate a credit-linked subsidy scheme in Vietnam, which seems to be justified on the basis of economic, social, and environmental considerations. Both propensity score matching and endogenous switching regression methods are employed for analysis. The results show that the subsidies have had a positive effect on fishermen’s profitability, mainly because of increased revenue rather than reduced cost. However, the subsidies have benefited the owners of only the biggest vessels, and inefficiency in subsidized vessels may threaten resources and profitability in the long term.
{"title":"Subsidies—Help or Hurt? A Study from Vietnamese Fisheries","authors":"Thuy Thi Thanh Pham, O. Flaaten, L. T. Nguyen, N. Vu","doi":"10.1086/715358","DOIUrl":"https://doi.org/10.1086/715358","url":null,"abstract":"Subsidies are part of the set of management tools that governments apply to modernize their fishing fleets and enable them to engage in offshore and international fisheries. Research has shown that subsidies often lead to overcapacity and overfishing, resulting in the depletion of fish stocks. A few studies, however, have found some positive effects for particular subsidies. In this paper, we investigate a credit-linked subsidy scheme in Vietnam, which seems to be justified on the basis of economic, social, and environmental considerations. Both propensity score matching and endogenous switching regression methods are employed for analysis. The results show that the subsidies have had a positive effect on fishermen’s profitability, mainly because of increased revenue rather than reduced cost. However, the subsidies have benefited the owners of only the biggest vessels, and inefficiency in subsidized vessels may threaten resources and profitability in the long term.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46680601","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}
In this introduction to the special issue, “Economics of Marine Resources in the Global South,” we address the current challenges for sustainable management of aquaculture and capture fisheries in developing and transitional countries. We note that the collective action problem remains a major challenge for capture fisheries in the Global South. While aquaculture has been a fast-moving food sector for half a century and provides disadvantaged people in the Global South with low-cost, high-quality protein, negative externalities remain an industry-wide challenge. We provide a background to aquaculture and fisheries economics relevant for the Global South, using the six articles contained in this issue as a point of departure to discuss six of the 10 targets that are formulated in connection with the United Nation’s Sustainable Development Goal 14 (SDG 14): conserve and sustainably use the oceans, seas, and marine resources. Bringing together the challenges of meeting SDG 14 and the contributions of this special issue, we discuss an agenda for future research for those interested in the economics analysis of fisheries and aquaculture relevant to the Global South context.
{"title":"Economics of Marine Resources in the Global South—Meeting the Challenge of Agenda 2030","authors":"Carlos Chávez, H. Eggert, M. Reimer","doi":"10.1086/715914","DOIUrl":"https://doi.org/10.1086/715914","url":null,"abstract":"In this introduction to the special issue, “Economics of Marine Resources in the Global South,” we address the current challenges for sustainable management of aquaculture and capture fisheries in developing and transitional countries. We note that the collective action problem remains a major challenge for capture fisheries in the Global South. While aquaculture has been a fast-moving food sector for half a century and provides disadvantaged people in the Global South with low-cost, high-quality protein, negative externalities remain an industry-wide challenge. We provide a background to aquaculture and fisheries economics relevant for the Global South, using the six articles contained in this issue as a point of departure to discuss six of the 10 targets that are formulated in connection with the United Nation’s Sustainable Development Goal 14 (SDG 14): conserve and sustainably use the oceans, seas, and marine resources. Bringing together the challenges of meeting SDG 14 and the contributions of this special issue, we discuss an agenda for future research for those interested in the economics analysis of fisheries and aquaculture relevant to the Global South context.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46137490","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}
Jorge Marco, D. Valderrama, M. Rueda, Maykol Rodríguez-Prieto
A bioeconomic model was developed to investigate optimal exploitation strategies for the queen conch (Aliger gigas) resource in the Colombian Caribbean. Ecological and economic indicators substantially improved when the status quo management system based on sustained annual harvesting of the resource at a rate of 8% of the total exploitable biomass was replaced with a rotational harvesting scheme whereby fishing was conducted at a higher exploitation rate (30%), following a four-year closure period. Closures allowed queen conch biomass to recover and accumulate undisturbed, leading to an 11% increase in the average standing density of adult conchs and a 26% increase in the net present value of the fishery, as compared with the status quo scenario. Multiple sources of improvement associated with rotation of fishing areas were identified, such as the harvesting of larger quantities of conch meats and pearls as well as reduced fishing costs. In addition to an informed assessment of the economic potential of the fishery under rotational management, the model provides a useful benchmark to estimate the gains associated with further reductions in illegal, unreported, and unregulated fishing, which has brought the fishery to the brink of collapse in recent years.
{"title":"Improving Utilization of the Queen Conch (Aliger gigas) Resource in Colombia","authors":"Jorge Marco, D. Valderrama, M. Rueda, Maykol Rodríguez-Prieto","doi":"10.1086/715522","DOIUrl":"https://doi.org/10.1086/715522","url":null,"abstract":"A bioeconomic model was developed to investigate optimal exploitation strategies for the queen conch (Aliger gigas) resource in the Colombian Caribbean. Ecological and economic indicators substantially improved when the status quo management system based on sustained annual harvesting of the resource at a rate of 8% of the total exploitable biomass was replaced with a rotational harvesting scheme whereby fishing was conducted at a higher exploitation rate (30%), following a four-year closure period. Closures allowed queen conch biomass to recover and accumulate undisturbed, leading to an 11% increase in the average standing density of adult conchs and a 26% increase in the net present value of the fishery, as compared with the status quo scenario. Multiple sources of improvement associated with rotation of fishing areas were identified, such as the harvesting of larger quantities of conch meats and pearls as well as reduced fishing costs. In addition to an informed assessment of the economic potential of the fishery under rotational management, the model provides a useful benchmark to estimate the gains associated with further reductions in illegal, unreported, and unregulated fishing, which has brought the fishery to the brink of collapse in recent years.","PeriodicalId":49880,"journal":{"name":"Marine Resource Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43193885","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：