ANALYSIS EFFECTIVITY OF MORODEMAK FISH AUCTION MARKET USING INSTITUTIONAL ECONOMY APPROACH  

Previous research of auction market only focused on explaining quality and availability of the infrastructure and neglected the institutional perspective.  This paper aim to analyze if the Auction Market at TPI Morodemak, Demak, Central Java has been working effectively based on act No. 23 2014 - by using the institutional economy approach which focus on agency theory, transaction cost, and law enforcement. This research is qualitative descriptive research. The Data has been collected by using structured investigation and deep interview with a random sampling. The subject of interview consists of 5 fishers, 6 bidders, an auction officer, and also the governance agent (Fisheries and Maritime Ministry of Demak and Central Java). The data's been tabulated by using the triangulation method. The result will be shown on the table below:

The table has shown the incompatibility of auction market process to the rule. It can be seen through the registration and payment process. The incompatibility might happen because of the lack of law-enforcement supervision. It also might be supported by the existence of incoherent regulation done by either the district government or the province-government. Hence, it created the situation of ineffective auction market process.