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

• 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: Acanthurus; complementarity; coral reef; Fish prices; Fish quality; fishery economics; hedonic analysis; Hedonic models; marketing; Moorea; numerical model; price determination; Scarus; Small-scale coral-reef fisheries; Society Islands; Tui; Windward Islands [Society Islands]
• Online Access: View Fulltext in Publisher

 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