Preprint Article Version 1 This version not peer reviewed

Integrating Organizational Economics and Resource Dependence Theory to Explain the Persistence of Quasi Markets

Version 1 : Received: 26 June 2017 / Approved: 27 June 2017 / Online: 27 June 2017 (08:22:37 CEST)

A peer-reviewed article of this Preprint also exists.

Coupet, J.; McWilliams, A. Integrating Organizational Economics and Resource Dependence Theory to Explain the Persistence of Quasi Markets. Adm. Sci. 2017, 7, 29. Coupet, J.; McWilliams, A. Integrating Organizational Economics and Resource Dependence Theory to Explain the Persistence of Quasi Markets. Adm. Sci. 2017, 7, 29.

Journal reference: Adm. Sci. 2017, 7, 29
DOI: 10.3390/admsci7030029

Abstract

The past few decades have been characterized by a growing body of profit-seeking public service areas with the understanding that profit-seeking organizations will deliver public services more efficiently than government can. These sectors include, but are not limited to, health care, corrections and education. Governments have created quasi markets to attract private providers of services in these sectors, with varying results. Organizational economics has provided the primary explanation for quasi markets, but questions about the sought-for efficiencies actually realized through these markets persist. We integrate resource dependence theory and organizational economics to provide a more comprehensive explanation of the persistence of quasi markets.

Subject Areas

agency theory; property rights; transaction costs; efficiency; public service sector

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