| dc.description.abstract | Fisheries management costs are widely becoming issues used to choose among policy objectives. We provide simple calculations by drawing on the experience from Lake Victoria fisheries. The study applied cost- benefit analysis based on the transaction costs among four systems of individual transferable quotas, taxation, licensing and community-based management. The objective of the study was to identify a feasible policy combination for the management of Lake Victoria fisheries. It was hypothesized that the combination of community-based management and individual transferable quotas provide a feasible management framework for the fishery. The analysis provides evidence that transaction costs are lower in community=based management. The advantages of individual transferable quotas are also considerable. But, it is concluded that although community management is more cost-effective, their potential for the fishery are not obvious given the prevailing socio-economic conditions along the shores of Lake Victoria. The nature of Lake Victoria fishery is also not appropriate for the introduction of individual transferable quotas. Co-management system is therefore recommended. | en_US |
