Time preference of small-scale fishers in open access and traditionally managed reef fisheries |
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| Institution: | 1. Health Protection, NSW Health, North Sydney, Australia;2. NSW Health Pathology, Chatswood, Australia;3. Centre for Infectious Diseases and Microbiology Laboratory Services, Institute for Clinical Pathology and Medical Research, Pathology West, Westmead, NSW, Australia;1. Department of Astronomy, Faculty of Mathematics, University of Belgrade, Studentski trg 16, 11000 Belgrade, Serbia;2. Astronomical Observatory, Volgina 7, 11060 Belgrade 38, Serbia;3. Special Astrophysical Observatory of the Russian AS, Nizhnij Arkhyz, Karachaevo-Cherkesia 369167, Russia;4. Instituto Nacional de Astrofísica, Óptica y Electrónica, Apartado Postal 51y 216, 72000 Puebla, Mexico;1. Dept. of Chemistry, Dartmouth College, Hanover, NH 03755, USA;2. Dept. of Physics, Norwegian University of Science and Technology, N7491 Trondheim, Norway;1. Melbourne Neuropsychiatry Centre, Department of Psychiatry, The University of Melbourne, Parkville, VIC, 3052, Australia;2. Melbourne School of Psychological Sciences, The University of Melbourne, Parkville, VIC, 3052, Australia;3. Department of Psychology, University of Oregon, Eugene, OR, 97403, USA;4. Developmental Imaging, Murdoch Children''s Research Institute, Parkville, VIC, 3052, Australia;5. Department of Paediatrics, The University of Melbourne, Parkville, VIC, 3052, Australia;6. Centre for Adolescent Health, Murdoch Children’s Research Institute, Parkville, VIC, 3052, Australia;7. Orygen, the National Centre of Excellence for Youth Mental Health, Parkville, VIC, 3052, Australia;8. Centre for Youth Mental Health, The University of Melbourne, Parkville, VIC, 3052, Australia;9. School of Psychology, University of Birmingham, Birmingham, B15 2TT, UK;10. Centre for Social and Early Emotional Development, School of Psychology, Deakin University, Geelong, VIC, 3125, Australia |
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| Abstract: | Individuals with high discount rates are likely not partial to conservation because they are unwilling to sacrifice short term benefits for potentially higher gains in the future. Many reef fisheries worldwide are open access, and fishers under open access systems are theorized to discount the future at an infinite rate. In contrast, fishers in a customary managed fishery can be expected to be more long term oriented, and thus possibly have lower discount rates. The present study tests this hypothesis by eliciting the discount rates of fishers in an open access small-scale reef fishery, and compares these rates to those of fishers in a customary managed reef fishery. Results indicate that fishers in both open access and traditionally managed reef fisheries have high annual discount rates that are on average over 200%. Contrary to expectations, fishers under an open access system are not associated with higher discount rates compared to customary management. It also appears that a larger proportion of open access fishers are more long-term oriented than those in the customary managed fishery, which is encouraging for the future conservation and sustainability of open access fisheries resources. |
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| Keywords: | Time preference Discount rates Small-scale fisheries Coral reef fisheries Fiji Malaysia |
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