The result of changes in regulation or monitoring and enforcement of commercial fisheries are highly dependent on fishers’ supply response decisions. One central determinant of fishers’ reactions to such changes is their risk preferences. Empirical studies of fishers’ preferences have found that most fishers are risk averse. In this paper,...
This paper investigates how the possibility to ostracize, which is a familiar punishment mechanism to subjects in an experiment, affects harvest in a common pool resource experiment. The experiment was framed as a fishing problem and the subjects were young fishers. We find that the introduction of the possibility to...