Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.
Suggested Bibliographic Reference: Challenging New Frontiers in the Global Seafood Sector: Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 11-15, 2016. Compiled by Stefani J. Evers and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2016.
We investigate how individual preferences affect noncompliance in fisheries. We use data from a combined web-based experiment and survey of Norwegian fishermen to empirically analyze this. In the economic experiment, the participants won real money in a set of lotteries based on their answers and lottery outcomes. Based on the participants' lottery choices, we derive measures of various individual preferences, including time, risk and social preferences. We combine these preference measures with the fishermen's survey responses related to violations of formal and informal rules, to empirically test and quantify theoretical predictions. Fishermen comply with formal rules primarily because they believe one should obey the law. Our empirical results show that individual preferences matter in how individuals perceive noncompliance, while it matters less for whether one sees oneself as more or less compliant than the average fisherman.