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Economic behavior of fishers under climate-related uncertainty: results from field experiments in Mexico and Colombia

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Arroyo Mina, J. S., Revollo Fernández, D. A., Aguilar Ibarra, A. and Georgantzis, N. (2016) Economic behavior of fishers under climate-related uncertainty: results from field experiments in Mexico and Colombia. Fisheries Research, 183. pp. 304-317. ISSN 0165-7836

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To link to this item DOI: 10.1016/j.fishres.2016.05.020

Abstract/Summary

This paper presents the results of economic experiments run among fishermen from the Mexican and Colombian Pacific. The experimental design aims at studying behavior under uncertainty concerning the possible effects of climate change on fisheries. We find that subjects’ risk-aversion diminishes the level of catches and changes fishing practices (e.g. adopting marine reserves), provided that fishermen have ex ante information on possible climatic consequences. Furthermore, social preferences (e.g. for cooperation and reciprocity) also play an important role regarding extraction from common-pool resources. Other factors, such as income, gender and religion are also found to have some influence. These results have important implications for adaptation actions and the management of coastal fisheries.

Item Type:Article
Refereed:Yes
Divisions:Faculty of Life Sciences > School of Agriculture, Policy and Development > Economic and Social Sciences Division > Food Economics and Marketing (FEM)
ID Code:66128
Publisher:Elsevier

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