The Rise of Community-Based Natural Resource Management Strategies as Explained by Transaction Costs

Authors

Keely A. Fisher, Carleton CollegeFollow
Marc R. Donnelly, Carleton CollegeFollow
Collin Adams, Carleton CollegeFollow

Abstract

Community-based natural resource management (CBNRM) is favored over its predecessor, the fortress approach, for common pool resource (CPR) management. We strive to identify variables associated with successful CBNRM programs, and analyze whether their presence transaction costs can explain the shift in favored conservation strategy. By examining nine case studies of large mammals in Africa, we found that out of eight variables, moderate monitoring and adequate program incentives were the most critical various factors in determining CBNRM program outcomes. Furthermore, these variables, as well as others, contributed to a decrease in transaction costs.

Recommended Citation

Fisher, Keely A.; Donnelly, Marc R.; and Adams, Collin (2021) "The Rise of Community-Based Natural Resource Management Strategies as Explained by Transaction Costs," Undergraduate Economic Review: Vol. 18: Iss. 1, Article 5.
Available at: https://digitalcommons.iwu.edu/uer/vol18/iss1/5