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Transaction Costs and Institutional Innovation: Sustainability of Tank Aquaculture in Sri Lanka


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  • Athula Senaratne


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    Freshwater community-based aquaculture was introduce to village irrigation tanks in the dry zones of Sri Lanka in order to off-set the limited supply of animal protein available to residents in inland areas. This paper examines transaction costs associated with the management of community-based aquaculture in Anuradhapura district, the most important inland fish production area in the country. The study suggests that sustainability of community-based aquaculture depends on successes in experimenting with institutional arrangements that can minimize transaction costs and achieve adequate returns to participants through productivity gains from tanks. [SANDEE Working Paper 18]

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    Paper provided by eSocialSciences in its series Working Papers with number id:839.

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    Date of creation: Feb 2007
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    Handle: RePEc:ess:wpaper:id:839

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    Keywords: Community-base aquaculture; transaction costs; farmer organizations; Agriculture; Economics;


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    1. Panabokke, Christopher Rajendra & Sakthivadivel, Ramaswamy & Dias Weerasinghe, A., 2002. "Evolution, present status and issues concerning small tank systems in Sri Lanka [Small tanks in Sri Lanka: evolution, present status and issues]," IWMI Books, Reports H036586, International Water Management Institute.
    2. Panabokke, C. R. & Sakthivadivel, R. & Weerasinghe, A. D., 2002. "Evolution, present status and issues concerning small tank systems in Sri Lanka [Small tanks in Sri Lanka: evolution, present status and issues]," IWMI Books, Reports H029980, International Water Management Institute.
    3. North, Douglass C., 1989. "Institutions and economic growth: An historical introduction," World Development, Elsevier, vol. 17(9), pages 1319-1332, September.
    4. Williamson, Oliver E, 1973. "Markets and Hierarchies: Some Elementary Considerations," American Economic Review, American Economic Association, vol. 63(2), pages 316-25, May.
    5. North, Douglass C, 1978. "Structure and Performance: The Task of Economic History," Journal of Economic Literature, American Economic Association, vol. 16(3), pages 963-78, September.
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