Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

Economic Analysis of the Targeting Strategy of Artisanal Fishers in Dominica

Brent Theophille and Sharon D. Hutchinson
Marine Resource Economics
Vol. 27, No. 4 (January 2012), pp. 323-342
DOI: 10.5950/0738-1360-27.4.323
Stable URL: http://www.jstor.org/stable/10.5950/0738-1360-27.4.323
Page Count: 20
  • Download ($14.00)
  • Cite this Item
Economic Analysis of the Targeting Strategy of Artisanal Fishers in Dominica
Preview not available

Abstract

AbstractThis article examines the entrepreneurial artisanal fisher’s problem of choosing a set of targets that minimize variability in net trip revenues given limited inputs and the carrying capacity constraints of an artisanal vessel in an open-access fishery. Specifically, it explores the fishing behaviour and targeting options of fishermen in Dominica, with the objective of identifying catch-sets that can reduce the variance in the mean net income earned by artisanal fishers over a fishing season. The objective therein is to enable fishers to earn a more stable income, thus reducing their vulnerability to economic shocks. This is explored within the context of a risk tradeoff model for mean-variance portfolio optimization. Literature supports the view that the high degree of variability in mean catch rate contributes to the unprofitability and vulnerability of fishers and may also encourage their use of unsustainable harvesting practices in an attempt to improve fishing net revenue. The article also estimates the efficacy of targeting strategies employed by artisanal fishers, as evidenced by the ability to land the ex ante target species. The results show that there exists catch portfolios capable of reducing variance in net trip revenue across a fishing season returns for all sites, and that some fishers are in fact able to effectively land ex ante targets, which are important to overall reduction in the variability of trip net revenue. This suggests that there is scope for increasing the profitability of artisanal fishing activity in Dominica with existing vessels and gear operations of the artisanal fleet.

Page Thumbnails

  • Thumbnail: Page 
324
    324
  • Thumbnail: Page 
325
    325
  • Thumbnail: Page 
326
    326
  • Thumbnail: Page 
327
    327
  • Thumbnail: Page 
328
    328
  • Thumbnail: Page 
329
    329
  • Thumbnail: Page 
330
    330
  • Thumbnail: Page 
331
    331
  • Thumbnail: Page 
332
    332
  • Thumbnail: Page 
333
    333
  • Thumbnail: Page 
334
    334
  • Thumbnail: Page 
335
    335
  • Thumbnail: Page 
336
    336
  • Thumbnail: Page 
337
    337
  • Thumbnail: Page 
338
    338
  • Thumbnail: Page 
339
    339
  • Thumbnail: Page 
340
    340
  • Thumbnail: Page 
341
    341
  • Thumbnail: Page 
342
    342
  • Thumbnail: Page 
343
    343