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: Raja Abdullah, Nik Mustapha, Viswanathan, K. Kuperan, Pomeroy, Robert S.
Format: Article
Language:English
Published: Marine Resources Foundation 1998
Online Access:http://psasir.upm.edu.my/id/eprint/40301/
http://psasir.upm.edu.my/id/eprint/40301/1/Transaction%20costs%20and%20fisheries%20co-management.pdf
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author Raja Abdullah, Nik Mustapha
Viswanathan, K. Kuperan
Pomeroy, Robert S.
author_facet Raja Abdullah, Nik Mustapha
Viswanathan, K. Kuperan
Pomeroy, Robert S.
author_sort Raja Abdullah, Nik Mustapha
building UPM Institutional Repository
collection Online Access
description 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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spelling upm-403012015-09-17T00:34:50Z http://psasir.upm.edu.my/id/eprint/40301/ Transaction costs and fisheries co-management Raja Abdullah, Nik Mustapha Viswanathan, K. Kuperan Pomeroy, Robert S. 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. Marine Resources Foundation 1998 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/40301/1/Transaction%20costs%20and%20fisheries%20co-management.pdf 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 http://www.jstor.org/stable/42629225?seq=1#page_scan_tab_contents
spellingShingle Raja Abdullah, Nik Mustapha
Viswanathan, K. Kuperan
Pomeroy, Robert S.
Transaction costs and fisheries co-management
title Transaction costs and fisheries co-management
title_full Transaction costs and fisheries co-management
title_fullStr Transaction costs and fisheries co-management
title_full_unstemmed Transaction costs and fisheries co-management
title_short Transaction costs and fisheries co-management
title_sort transaction costs and fisheries co-management
url http://psasir.upm.edu.my/id/eprint/40301/
http://psasir.upm.edu.my/id/eprint/40301/
http://psasir.upm.edu.my/id/eprint/40301/1/Transaction%20costs%20and%20fisheries%20co-management.pdf