Hedonic evaluation of coral reef fish prices on a direct sale market

Using two-stage Rosen's model, this evaluation aims to deduce the implicit prices of the coral-reef fish species most commonly encountered in road-side market in Moorea (French Polynesia) during 2014–2015, from the prices of bundles of species, called tuis. Index value are calculated which vary...

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Bibliographic Details
Main Authors: Claudet, J. (Author), Holbrook, S.J (Author), Lauer, M. (Author), Nassiri, A. (Author), Rassweiler, A. (Author), Schmitt, R.J (Author), Thébaud, O. (Author)
Format: Article
Language:English
Published: Elsevier Ltd 2021
Subjects:
Tui
Online Access:View Fulltext in Publisher
Description
Summary:Using two-stage Rosen's model, this evaluation aims to deduce the implicit prices of the coral-reef fish species most commonly encountered in road-side market in Moorea (French Polynesia) during 2014–2015, from the prices of bundles of species, called tuis. Index value are calculated which vary, all else equal, between 33% (Selar) and 137% (Acanthurus) of the price of the reference species (Scarus). Estimating translogarithmic specifications allow the identification of positive cross-species elasticities which imply complementarity between reef species in each tui. The composition of tuis is therefore a market strategy to enhance the value of catches. These results demonstrate the relevance of empirical economic analysis in improving the understanding of small-scale coral-reef fisheries in the Pacific. © 2021 Elsevier Ltd
ISBN:0308597X (ISSN)
DOI:10.1016/j.marpol.2021.104525