TY - JOUR T1 - Revenue Sharing and Social Capital in Community-Based Resource Management: Empirical Evidence from Japanese Surf-Clam Fisheries JF - Land Economics JO - Land Econ SP - 455 LP - 474 DO - 10.3368/le.97.2.455 VL - 97 IS - 2 AU - Mihoko Wakamatsu AU - Hirotsugu Uchida AU - Christopher M. Anderson Y1 - 2021/05/01 UR - http://le.uwpress.org/content/97/2/455.abstract N2 - 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. ER -