An economic analysis of rebuilding artisanal fisheries: The potential for fishermen-based ecotourism in the Galapagos Marine Reserve

This study examined the diversification of artisanal fishermen into tourism as a strategy to recover resource stocks and rebuild fishermen livelihoods in the Galapagos Marine Reserve. Incorporating unique interdependence characteristics between individuals and fishing vessels, and using a combination of stated preference and stochastic production frontier methodologies, the study (1) assessed fishermen switching and tour choice behavior and socio-economic determinants, (2) examined the harvesting potential and technical efficiency of the fleet, and (3) assessed the demand potential for fishermen-operated tours.;Results indicate that vessel owners were more willing to switch than crew. Switching preferences also differed between boat size and geographical locations. Interestingly, capital malleability issues were compensated by the opportunity to transfer fishing capital outside the fishing sector. If switching, fishermen preferred bay and diving tours followed by the diving cruise option, and choices depended on vessel size, location, and access to bank funding.;The findings suggest that a reduction of fleet size would be less effective than policies managing variable inputs to reduce the harvesting potential of the fleet. Also, the fleet can still improve technical efficiency and increase harvests in the short run. As expected, interdependence between boats influenced the production technology but the effect was negative. Smaller vessels, especially fiberglass boats, were less productive if they were towed by larger boats. Standard tours had a higher demand potential in comparison to artisanal fishing trips.;Standard tours had higher booking intentions if half-day excursions were offered and tourists preferred full-day fishing trips with a dining option. Expected conservation and local benefits increased the interest for fishermen-based tours, while wealthier tourists were more reluctant to book these trips.;Overall, the study found a promising market potential for fishermen-based ecotourism depending on the extent that fishermen are allowed into the standard tour market by the reserve managers. However, the potential for fishing effort reduction is limited and additional policies focusing on vessel efficiency and rights-based management will be needed to rebuild resource stocks. Future diversification strategies need to differentiate between vessel owners and crew and the specific realities of the fishing ports to entice fishermen to quit fishing.