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• 1. [Article] How can Community-Based Management Improve an Outcome? The Effects of Revenue Sharing and Social Capital in a Fishery

  We empirically disentangle the efficiency mechanism of revenue sharing, in which a group of harvesters shares catch and/or revenue among members of a fishery cooperative, by incorporating the influence ...

  Citation × Citation Citation Abstract Copy Title: How can Community-Based Management Improve an Outcome? The Effects of Revenue Sharing and Social Capital in a Fishery Author: Anderson, Christopher M., Uchida, Hirotsugu, Tegawa, Mihoko We empirically disentangle the efficiency mechanism of revenue sharing, in which a group of harvesters shares catch and/or revenue among members of a fishery cooperative, by incorporating the influence of social capital. In addition to each of revenue sharing and social capital influencing a fishery independently we hypothesize social capital potentially affecting the efficiency that revenue sharing brings through strengthening collective fishing efforts performed as a group. This paper provides the first rigorous analysis to measure the effect of revenue sharing and social capital in a co-managed fishery and to identify the mechanism through which revenue sharing and social capital affect the outcome of a fishery. We quantified social capital using controlled economic experiments with fisherman subjects. Using a panel dataset containing 10 fishery groups and random-effects model with wild cluster bootstrap for small sample inference, we find evidence of the long-run positive effect of trust in a community on an economic outcome. The results also show that the fisheries with fishers having similar information network size achieve better stock conditions over time. However, we find no robust evidence of the effect of revenue sharing directly improving an outcome in a fishery or the effect of both revenue sharing and social capital interacting to affect the fishery or its management outcomes. Title: How can Community-Based Management Improve an Outcome? The Effects of Revenue Sharing and Social Capital in a Fishery Author: Anderson, Christopher M., Uchida, Hirotsugu, Tegawa, Mihoko We empirically disentangle the efficiency mechanism of revenue sharing, in which a group of harvesters shares catch and/or revenue among members of a fishery cooperative, by incorporating the influence of social capital. In addition to each of revenue sharing and social capital influencing a fishery independently we hypothesize social capital potentially affecting the efficiency that revenue sharing brings through strengthening collective fishing efforts performed as a group. This paper provides the first rigorous analysis to measure the effect of revenue sharing and social capital in a co-managed fishery and to identify the mechanism through which revenue sharing and social capital affect the outcome of a fishery. We quantified social capital using controlled economic experiments with fisherman subjects. Using a panel dataset containing 10 fishery groups and random-effects model with wild cluster bootstrap for small sample inference, we find evidence of the long-run positive effect of trust in a community on an economic outcome. The results also show that the fisheries with fishers having similar information network size achieve better stock conditions over time. However, we find no robust evidence of the effect of revenue sharing directly improving an outcome in a fishery or the effect of both revenue sharing and social capital interacting to affect the fishery or its management outcomes. Close