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

Using two-stage Rosen’s model, this evaluation aims to deduce the implicit prices of coral-reef fish species most commonly encountered in road-side market Moorea (French Polynesia) during 2014–2015, from bundles species, called tuis. Index value are calculated which vary, all else equal, between 33% (Selar) and 137% (Acanthurus) price reference (Scarus). Estimating translogarithmic specifications allow identification positive cross-species elasticities imply complementarity reef each tui. The composition tuis is therefore a strategy enhance catches. These results demonstrate relevance empirical economic analysis improving understanding small-scale fisheries Pacific.