Revenue Sharing and Social Capital in Community-Based Resource Management: Empirical Evidence from Japanese Surf-Clam Fisheries

Authors

Mihoko Wakamatsu, Tokyo University of Marine Science and Technology
Hirotsugu Uchida, University of Rhode Island
Christopher M. Anderson, University of Washington

Document Type

Article

Date of Original Version

1-1-2021

Abstract

This article provides the first rigorous analysis of the effects of revenue sharing and social capital and identifies the mechanism through which revenue sharing and social capital affect resource outcomes. Revenue sharing alters harvest incentives but also fosters social capital through bonding a group financially, which can affect the incentive for cooperation. Similarly, social capital counteracts the incentive to free-ride induced by revenue sharing in addition to sustaining the incentive to cooperate. Using data collected from Japanese fishery groups, we find evidence that revenue sharing improves economic outcomes primarily through incentivizing fishers to develop their information networks.

Publication Title, e.g., Journal

Land Economics

Volume

97

Issue

2

Citation/Publisher Attribution

Wakamatsu, Mihoko, Hirotsugu Uchida, and Christopher M. Anderson. "Revenue Sharing and Social Capital in Community-Based Resource Management: Empirical Evidence from Japanese Surf-Clam Fisheries." Land Economics 97, 2 (2021). doi: 10.3368/WPLE.97.2.110119-0157R1.