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


  • Athula Senaratne



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]

Suggested Citation

  • Athula Senaratne, 2007. "Transaction Costs and Institutional Innovation: Sustainability of Tank Aquaculture in Sri Lanka," Working Papers id:839, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:839
    Note: Institutional Papers

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    References listed on IDEAS

    1. Williamson, Oliver E, 1973. "Markets and Hierarchies: Some Elementary Considerations," American Economic Review, American Economic Association, vol. 63(2), pages 316-325, May.
    2. North, Douglass C, 1978. "Structure and Performance: The Task of Economic History," Journal of Economic Literature, American Economic Association, vol. 16(3), pages 963-978, September.
    3. North, Douglass C., 1989. "Institutions and economic growth: An historical introduction," World Development, Elsevier, vol. 17(9), pages 1319-1332, September.
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