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Transaction costs and fisheries co-management


Raja Abdullah, Nik Mustapha and Viswanathan, K. Kuperan and Pomeroy, Robert S. (1998) Transaction costs and fisheries co-management. Marine Resource Economics, 13 (2). pp. 103-114. ISSN 0738-1360; ESSN: 2334-5985


Fisheries co-management as an alternative to centralized command and control fisheries management is often suggested as a solution to the problems of fisheries resource use conflicts and overexploitation. This paper highlights some elements of the transaction costs under a fisheries co-management system. The transaction costs can be categorized into three major cost items: (i) information costs, (ii) collective fisheries decision-making costs, and (iii) collective operational costs. An approach to measuring transaction costs of fisheries co-management systems both in static and dynamic processes is also proposed. There is a need to empirically evaluate the nature of the transaction costs involved in fisheries co-management institutions as a basis for evaluating the efficiency or net benefits of co-managed fisheries compared to centrally managed fisheries.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Publisher: Marine Resources Foundation
Keywords: Collective fisheries decision-making costs; Collective operational costs; Fisheries co-management; Information costs; Institutions; Transaction costs
Depositing User: Nabilah Mustapa
Date Deposited: 17 Sep 2015 00:34
Last Modified: 17 Sep 2015 00:34
URI: http://psasir.upm.edu.my/id/eprint/40301
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