2019-01-252019-01-251999NAGA 22(4):45-48https://hdl.handle.net/20.500.12348/2455It 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.application/pdfCC BY 4.0Journal Article