A selection method of offshore production systems considering uncertainties

Journal of Marine Science and Technology - The development of an offshore deepwater oilfield is a complex and risky task. One core problem in this project is the selection of a production system...     

Island Villagers’ Willingness to Work or Pay for Sustainability of a Marine Fishery Reserve: Case of San Miguel Island,Philippines

Establishment of marine reserves or marine protected areas (MPAs) has emerged as a major coastal resource management tool in the Philippines. A major sustainability constraint is the enforcement of MPA and fisheries regulations. We contribute to the literature of using stated preference methods to investigate the local residents’ willingness to work (WTW) and willingness to pay (WTP) for the continued existence of the San Miguel Island (SMI) fishery reserve in Bicol Region, Philippines. We surveyed 435 respondents in three villages. The lower-bound mean WTW is 3.5 days/mo for residents in the “owner” village and 1.9 days/mo for residents in adjacent villages. Using a fraction of mean daily income to impute the monetary equivalent of WTW, the result is more than 3 times higher than the Php16 to 25/mo (US$0.34 to 0.75/mo) estimated mean WTP. We hypothesize that labor market in this rural village is incomplete so residents have stronger preference for money than for time. However, further investigation on the opportunity cost of time and understanding the labor market is warranted when using WTW in a valuation framework. Some policy implications are: (1) considering use of voluntary labor as management option for MPAs and (2) establishing “own village” MPAs may increase residents’ conservation value.