气候变化领域集成服务门户(CCPortal): Fishing Portfolio Response to a Climate Shock

CCPortal

DOI	10.1086/728919
	Fishing Portfolio Response to a Climate Shock
	Jardine, Sunny L.; Bland, Katy; Hayes, Adam L.
发表日期	2024
ISSN	0738-1360
EISSN	2334-5985
起始页码	39
结束页码	2
卷号	39 期号:2
英文摘要	Fishing portfolio diversification has been identified as a mechanism to mitigate risk exposure for harvesters operating in wild-capture fisheries. As in financial markets, however, the benefits from diversification in fisheries will be a function of whether individuals adopt active or passive investment strategies. There is a long history of evidence of the superior performance of passive investment strategies in the financial economics literature, but little is known about the relative performance of these two strategies in fisheries. Here we use a case study of an observed and high-profile climate shock in the California Dungeness crab fishery to estimate the impact of a relatively active investment strategy, in the form of an extreme decision to exit the fishery for the season, in response to the shock. We find robust evidence of negative revenue impacts from an active investment strategy in this context.
英文关键词	Climate change; diversification; Dungeness crab; fishing portfolio; harmful algal blooms; Q22
语种	英语
WOS研究方向	Business & Economics ; Environmental Sciences & Ecology ; Fisheries
WOS类目	Economics ; Environmental Studies ; Fisheries
WOS记录号	WOS:001175484400001
来源期刊	MARINE RESOURCE ECONOMICS
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/291176
作者单位	University of Washington; University of Washington Seattle
推荐引用方式 GB/T 7714	Jardine, Sunny L.,Bland, Katy,Hayes, Adam L.. Fishing Portfolio Response to a Climate Shock[J],2024,39(2).
APA	Jardine, Sunny L.,Bland, Katy,&Hayes, Adam L..(2024).Fishing Portfolio Response to a Climate Shock.MARINE RESOURCE ECONOMICS,39(2).
MLA	Jardine, Sunny L.,et al."Fishing Portfolio Response to a Climate Shock".MARINE RESOURCE ECONOMICS 39.2(2024).