Die Hard: Exploring the Characteristics of Resource Users who Persist in the Tragedy of the Commons

Carina Cavalcanti () and Andreas Leibbrandt
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Carina Cavalcanti: Department of Accounting, Finance and Economics, Griffith University, Southport and Nathan, QLD, Australia.

No 2024-04, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: This field study investigates the characteristics and preferences of artisanal fishers who continue their profession in a lake afflicted by overfishing. We relate their economic preferences, fishing data, social networks, and socio-demographic information to their decision to either persist or discontinue fishing 4 and 15 years later. Our findings reveal that an increasing portion of fishers have chosen to cease fishing over time. We observe that the fisher’s risk preference is an important and robust factor for persistence: More risk-averse fishers are more likely to endure in their fishing endeavors. We also find evidence that better socially integrated, older and less educated individuals are more persistent. In contrast, we do not observe any notable relationships between persistence and the individual extent of overfishing or social preferences. These insights offer valuable novel knowledge regarding the evolving dynamics of resource user groups. By understanding these factors, policymakers and managers can optimize their approach to designing effective management practices and policies.

Keywords: common pool resource; fishing; risk aversion (search for similar items in EconPapers)
JEL-codes: C91 D81 H23 J24 (search for similar items in EconPapers)
Date: 2024-03
New Economics Papers: this item is included in nep-agr, nep-env, nep-exp and nep-upt
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