Welfare impact of climate change on capture fisheries in Vietnam

From Eq (12): PS1 PS0 ¼ að1þεSÞ εS εD bð 1 εDÞ εS εD ð12Þ PS1 PS0 < 1 $ að1þεSÞ εS εD bð 1 εDÞ εS εD < 1 $ a < b 1þεD εS εD ð17Þ Eq (17) indicates that producers will get a profit loss when the demand reduces more than a threshold. Sensitivity analysis with changing the value of a indicates that if the demand for wild fish decreases by 70%–80% of the supply reduction, producers start to suffer from loss of profit. Fig 4. The welfare changes of fishery consumers and producers due to climate change by 2035 and 2065, relative to 2018. https://doi.org/10.1371/journal.pone.0264997.g004 PLOS ONE Welfare impact of climate change on capture fisheries in Vietnam PLOS ONE | https://doi.org/10.1371/journal.pone.0264997 April 25, 2022 13 / 20