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Transaction Costs of a Community-Based Coastal Resource Management Program in San Miguel Bay, Philippines

Author

Listed:
  • Zenaida M. Sumalde

    (College of Economics and Management, University of the Philippines Los Baños)

  • Suzette L. Pedroso

    (College of Economics and Management, University of the Philippines Los Baños)

Abstract

This study generally aims to estimate and analyze the TC associated with the implementation of a multi-level and multi-stakeholder program such as a CBCRM program. TC are indirect costs incurred in reaching and enforcing agreements. Tools for analysis used in this study included the estimation of direct project costs (DPC) and TC at each phase of the San Miguel Bay Coastal Resource Management Program (SMB-CRMP) and their distribution among the different stakeholders; determination of transaction costs share (TSC) and analysis of factors affecting TC. Similarly, effect of TC on performance of people’s organizations (POs) was analyzed. This study was conducted in the San Miguel Bay coastal area which is one of the pilot sites of the FSP. Thirty-eight POs in various barangays from seven municipalities with jurisdiction over San Miguel Bay were the focus of the study. The POs were classified as successful or less successful based on the success index developed from the criteria and indicators (C&I) that were adopted, modified and field-validated for applicability. Transaction costs incurred by the POs, local government units (LGUs) and the other stakeholders at the different phases (i.e., institutionalization, capability building and implementation) of the SMB-CRM were accounted for.

Suggested Citation

  • Zenaida M. Sumalde & Suzette L. Pedroso, 2016. "Transaction Costs of a Community-Based Coastal Resource Management Program in San Miguel Bay, Philippines," EEPSEA Research Report rr2016057, Economy and Environment Program for Southeast Asia (EEPSEA), revised Apr 2016.
    • Handle: RePEc:eep:report:rr2016057
    as

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    File URL: http://www.eepsea.org/pub/rr/2001_RR9.pdf
    File Function: First version, 2001
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    References listed on IDEAS

    as
    1. Douglas W. Allen & Dean Lueck, 1993. "Transaction Costs and the Design of Cropshare Contracts," RAND Journal of Economics, The RAND Corporation, vol. 24(1), pages 78-100, Spring.
    2. Alston, Lee J & Datta, Samar K & Nugent, Jeffrey B, 1984. "Tenancy Choice in a Competitive Framework with Transactions Costs," Journal of Political Economy, University of Chicago Press, vol. 92(6), pages 1121-1133, December.
    3. Pomeroy, R.S. & Pollnac, R.B. & Predo, C.D. & Katon, B.M., 1996. "Impact evaluation of community-based coastal resource management projects in the Philippines," Naga, The WorldFish Center, vol. 19(4), pages 9-12.
    4. Cheung, Steven N S, 1969. "Transaction Costs, Risk Aversion, and the Choice of Contractual Arrangements," Journal of Law and Economics, University of Chicago Press, vol. 12(1), pages 23-42, April.
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    Keywords

    Transaction Cost; Community-Based Coastal Resource Management; Philippines;
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