The Role of Information on the Decision Making for Fisheries Resources Management

Abstract

ABSTRACT : The objective of this paper is to conduct an economic analysis on the role of information in decision making of fishery persons on fisheries resources management using the expected utility theory. Through theoretical discussion and a case study of Stock Management of Snow Crab in Kyoto Prefecture, this paper found that information substitute for financial assistances in encouraging resources management. Even if fishery persons are given information on resources management, they do not always implement it. When the economic burden of resources management on fishery persons is too heavy, it is necessary to provide life security to them to implement the resources management. However, the amounts of money needed to ensure the livelihood of fishery person can be cut down if we provide them with information that reduce uncertainty and raise reliability.