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Risk Perception and Risk Management Strategies of Oyster Farmers

Author

Listed:
  • Véronique Le Bihan

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes)

  • Sophie Pardo

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes)

  • Patrice Guillotreau

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes)

Abstract

The aquaculture sector is highly exposed to risks such as microbial pollution and oil-spills. This article analyzes risk perception in shellfish farming and the farmers' willingness to rely on hedging mechanisms using logit and ordered multinomial logit models. The results show that the degree of risk perception and reliance on risk management tools can be partly defined through a number of socioeconomic factors specific to the sector. Beyond the conventional self-protective mechanisms, the study focuses on farmers' willingness to rely on risk-transfer mechanisms that the market has so far failed to provide.

Suggested Citation

  • Véronique Le Bihan & Sophie Pardo & Patrice Guillotreau, 2013. "Risk Perception and Risk Management Strategies of Oyster Farmers," Post-Print hal-04295714, HAL.
    • Handle: RePEc:hal:journl:hal-04295714
    DOI: 10.5950/0738-1360-28.3.285
    Note: View the original document on HAL open archive server: https://hal.science/hal-04295714v1
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    References listed on IDEAS

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