Transaction costs of community-based coastal resource management: The case of San Miguel Bay, Philippines

Issue Date

6-2010

Abstract

This study estimates and analyzes the transaction costs (TC) associated with the implementation of a multilevel and multistakeholder program such as a community-based coastal resource management program. Results show that TC accounted for 37% of the total project cost (TPC). The instability of financial support resulted in high TC, which was estimated to be 86% of the TPC during the implementation phase of the coastal resource management projects. The share of the total TC was highest among the people's organizations (POs) that were the beneficiaries of the program. The number of people involved in the transactions, the number of activities undertaken, and the success index of the POs were among the factors significantly affecting the TC. Analysis also shows that while higher TC led to higher success index of the POs at the initial stage of the project implementation, an increasing level of TC eventually slowed down their performance.

Source or Periodical Title

Coastal Management

ISSN

8920753

Volume

32

Issue

1

Page

51-60

Document Type

Article

Language

English

Subject

Coastal resource management, Community-based, People's organization, Success index, Transaction costs

Identifier

https://doi.org/10.1080/08920750490247490

Digital Copy

YES

Link to Full Text

Share

COinS