RT Journal Article
SR Electronic
T1 Revenue Sharing and Social Capital in Community-Based Resource Management: Empirical Evidence from Japanese Surf-Clam Fisheries
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 455
OP 474
DO 10.3368/le.97.2.455
VO 97
IS 2
A1 Mihoko Wakamatsu
A1 Hirotsugu Uchida
A1 Christopher M. Anderson
YR 2021
UL http://le.uwpress.org/content/97/2/455.abstract
AB 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.