Regulation of the fishing activities in the lagoon of Venice, Italy: Results from a socio-economic study

In the last years, the overall fish industry in the lagoon of Venice has shown a gradual decline. In order to better understand this process, we carry out a socio-economic questionnaire next to the fisherman population. Questionnaire contains significant qualitative and quantitative data that allow us to evaluate the social and the cultural profile of the respondents, including information with respect to the different technological fishing characteristics involved, type and amount of the species harvested as well as the overall productivity of the activity. Furthermore, the questionnaire contains an economic valuation exercise so as to assess in monetary terms the preferences of the fishermen with respect to different alternative policy options that may characterize a future regulation of this economic activity. Estimation results show that fishermen welcome any regulation initiative that is characterized by: (1) banning all fishing activities during the night, (2) allocating fishing concessions areas to each fishermen in a way that minimize the distance between the fishing area and the harbor, and (3) by introducing of a labeling mechanism that certifies the origin of the product. Moreover, the underlying economic valuation mechanism reveals to sensitive to respondent's motivational profile, including the overall trust and confidence that fisherman community places on the current institutional bodies. This result reveals to be of particular significance when attempting the design of an efficient, widely supported regulation of the fishing activity in the lagoon of Venice.