Abstract

ABSTRACT:

Resource scarcity and food security are important issues due to overexploitation of natural resources. Fishing and farming have been two main occupations that produce food; however, their production modes are distinct in that fishermen (farmers) harvest (cultivate, grow, and harvest). It is hypothesized that such differences in production modes characterize their time preferences and discounting behaviors. We have conducted a discounting elicitation experiment for fishermen and farmers in Indonesia. The statistical analysis shows that fishermen are much more shortsighted than farmers, implying that fishermen should be encouraged to nurture a culture of cultivating and growing for sustainability offish stock. (JEL Q18, Q22)

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Additional Information

ISSN
1543-8325
Print ISSN
0023-7639
Pages
pp. 132-148
Launched on MUSE
2020-02-06
Open Access
No
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