transaction costs can be categorised into three major cost items. These are (1) information costs, (2) collective fisheries … Island, Philippines is presented. The method of collecting information about transactions cost of fisheries co-management had … not been attempted anywhere before. Information on the cost of a wide range of transaction costs variables were collected …

We consider a multi-period rational expectations model in which risk-averse investors differ in their information on … expected utility than outsiders. Yet, information acquisition by one investor exerts a negative externality on other investors …. Thus, investors' average welfare is maximal when access to price information is rationed. We show that a market for price …