ABSTRACT
As interest in community forestry grows there has been a sharp rise in the number of studies applying the theory of the firm to this unfamiliar enterprise form. A recent theme in this literature is the role of transaction costs. With few exceptions (e.g., Wang and van Kooten, 1999), studies consider community forestry enterprises in developing countries, such as China (Zhang, 2001), Nepal (Adhikar and Lovett, 2006, Rai, Bigsby and MacDonald), Tanzania (Meshack et al., 2006), Uganda (Wasswa-Matovu, 2010), or Mexico (Vega and Keenan, 2014).
