Fisheries co-management starts with the premise that stakeholders have the innate capacity to improve resource condition as well as the welfare of the society. If this is true, there is a need for rapid and substantial devolution of fisheries management institutions. The main purpose of this study was to examine net welfare change to society as a result of the co-management system at Oxbow Lakes in Bangladesh. The simultaneous equation model consisting of supply, demand and identity equations were estimated and Marshallian surplus measurement was used to estimate the welfare change before and after the co-management system. The pooling technique proposed by Kmenta (1971; 1986) was utilized for the estimation. The analysis showed that the co-management program had caused a welfare gain to society.
Key words: Fisheries co-management, Oxbow Lake, Producer Surplus, Consumer Surplus
Jahan, K.M., N.M.R. Abdullah and K.K. Viswanathan. Welfare Impacts of Fisheries Co-management System at Oxbow Lakes in Bangladesh. In: Microbehavior and Macroresults: Proceedings of the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA. Compiled by Richard S. Johnston and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.