2002 World Congress of Environmental and Resource Economists

This paper examines how purse seine squid fishers in Southern California manage risks, especially weather-related risks. Using effort models, we demonstrate that fishers exhibit both ante hoc and post hoc patterns of substitution away from bad weather days in which high winds and heavy seas making fishing difficult and potentially dangerous. We show that the ability to substitute away from bad weather days has been constrained by a weekend closure in the fishery. Further, we combine effort data with data from a socio-economic survey of purse seine captains to demonstrate both the degree of heterogeneity in response to bad weather and the factors that influence whether or not boats fish during heavy weather days. Non-wood hull construction, insurance coverage, and captain’s experience all increase the probability of fishing during heavy weather days. Finally, younger captains also are more likely to fish during bad weather.



	Paper Title:	Managing Risk In A Marine Fishery: Heterogeneous Response
	Presenting Author:	Linwood Pendleton (University of Southern California)
	Coauthor 1:	Deqin Cai
	Coauthor 2:
	Coauthor 3:
	Abstract:	This paper examines how purse seine squid fishers in Southern California manage risks, especially weather-related risks. Using effort models, we demonstrate that fishers exhibit both ante hoc and post hoc patterns of substitution away from bad weather days in which high winds and heavy seas making fishing difficult and potentially dangerous. We show that the ability to substitute away from bad weather days has been constrained by a weekend closure in the fishery. Further, we combine effort data with data from a socio-economic survey of purse seine captains to demonstrate both the degree of heterogeneity in response to bad weather and the factors that influence whether or not boats fish during heavy weather days. Non-wood hull construction, insurance coverage, and captain’s experience all increase the probability of fishing during heavy weather days. Finally, younger captains also are more likely to fish during bad weather.
	Link to paper:	Not available

	Session / Day / Time	9H / Wednesday / 8:00 - 10:00 am

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