Transaction costs and fisheries co-management
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 sy...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Marine Resources Foundation
1998
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| Online Access: | http://psasir.upm.edu.my/id/eprint/40301/1/Transaction%20costs%20and%20fisheries%20co-management.pdf http://psasir.upm.edu.my/id/eprint/40301/ http://www.jstor.org/stable/42629225?seq=1#page_scan_tab_contents |
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| Summary: | 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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