OAW

October 22 - 28, 2018

Catch Uncertainty and Reward Schemes in a Commons Dilemma: An Experimental Study

Hopfensitz, Astrid, Mantilla, Cesar and Miquel-Florensa, Josepa (2018) Catch Uncertainty and Reward Schemes in a Commons Dilemma: An Experimental Study. Environmental and Resource Economics. pp. 1-33. (In Press)

Full text not available from this repository.
Official URL: http://tse-fr.eu/pub/32611

Abstract

We design and conduct a laboratory experiment with students and a field experiment with fishermen to test how catch uncertainty and reward schemes affect extraction in an open access fishery. We find that uncertainty in the relationship between effort and catch increases extraction effort and accelerates resource depletion. Importantly, participants increase their extraction after a disadvantageous shock, but do not react to advantageous shocks. One possible explanation of this phenomenon is a self-serving bias. Price-responsive demand, relative to a fixed price setting, decreases extraction effort and increases efficiency. Price-responsive demand has a greater effect on students than on fishermen living inside a marine protected area, but fishermen outside this restricted area are very responsive to conditional pricing.

Item Type: Article
Language: English
Date: 2018
Refereed: Yes
Uncontrolled Keywords: Framed field experiment, Artisanal fishery, Dynamic resource, Stochastic production function
JEL codes: C72 - Noncooperative Games
C92 - Laboratory, Group Behavior
D03 - Behavioral Economics; Underlying Principles
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
Q22 - Fishery; Aquaculture
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 22 May 2018 13:05
Last Modified: 22 May 2018 13:05
OAI ID: oai:tse-fr.eu:32611
URI: http://publications.ut-capitole.fr/id/eprint/25909

Actions (login required)

View Item View Item