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Communities and Markets in Economic Development$
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Masahiko Aoki and Yujiro Hayami

Print publication date: 2001

Print ISBN-13: 9780199241019

Published to Oxford Scholarship Online: August 2004

DOI: 10.1093/0199241015.001.0001

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Community Arrangements to Overcome Market Failures: Pooling Groups in Japanese Fisheries

Community Arrangements to Overcome Market Failures: Pooling Groups in Japanese Fisheries

Chapter:
(p.344) 13 Community Arrangements to Overcome Market Failures: Pooling Groups in Japanese Fisheries
Source:
Communities and Markets in Economic Development
Author(s):

Jean‐Philippe Platteau

Erika Seki

Publisher:
Oxford University Press
DOI:10.1093/0199241015.003.0013

This chapter examines the rationale and the viability of pooling arrangements in coastal fisheries in Japan. It is shown that the advantages of coordination and joint operation associated with pooling are reflected in the improved performance of the pooling group. The allocation of effort between fishing locations characterized by different risks (of net damage) and productivities is much closer to optimum in the fully pooling group than in the group where the attempt to pool has largely failed.

Keywords:   community arrangements, market failure, Japan, coastal fishery, pooling

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