Transaction costs, collective action and adaptation in managing complex social–ecological systems

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Understanding the evolution and performance of water markets and allocation policy: A transaction costs analysis framework (2013, background): “…riding in the provision and maintenance of water infrastructure and freshwater ecosystem services. ii) “define, establish, maintain, use and change institutions and organisations and define the problems that these institutions and organisations are intended to solve” (Marshall, 2013-this issue).”
Evaluating the outcomes of payments for ecosystem services programmes using a capital asset framework (2014, background): “To ensure that locally-derived sources of finance can support programmes in the long-term, which 34% of studies highlighted as necessary to secure, requires that the full range and magnitude of transaction costs are accounted for (Fauzi and Anna, 2013; Marshall, 2013; McCann, 2013).”