It is generally accepted that co-management systems are more cost-effective than centralized management of natural resources. However, no attempts have been made to empirically verify the transaction costs involved in fisheries co-management. Some estimates of transaction costs of fisheries co-management in San Salvador Island, Philippines, are presented in this paper. These estimates are used to compare the various transaction costs in co-managed and in centrally managed fisheries in San Salvador Island.
Measuring transaction costs of fisheries co-management in San Salvador Island, Philippines
Kuperan, K., Abdullah, N.M.R., Pomeroy, R.S., Genio, E.L., Salamanca, A.M. (1999)