No 'Third Way' for Economic Organizations? Networks and Quasi-Markets in Broadcasting

Simon Deakin, Ana Lourenco () and Stephen Pratten

Working Papers from Centre for Business Research, University of Cambridge

Abstract: We present two linked, longitudinal case studies of the use of quasi markets in UK broadcasting over the past decade: one looks at the regulated outsourcing of programme making to independent producers, the other at the development of an internal market system within the BBC. New network forms are shown to have arisen from the interaction of legal regulation, contracts, and property rights. However, these organizational forms are also seen to be associated with increased transaction costs and with signs of deterioration in programme quality and innovation. We suggest that for such networks to be a viable 'third way' between markets and hierarchy, closer attention needs to be given to the issue of institutional design.

Keywords: networks; quasi markets; television production (search for similar items in EconPapers)
JEL-codes: K23 L14 L24 L82 (search for similar items in EconPapers)
Date: 2008-03
New Economics Papers: this item is included in nep-knm, nep-law, nep-net, nep-pke and nep-soc
Note: PRO-2
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Journal Article: No "third way" for economic organization: Networks and quasi-markets in broadcasting (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:cbr:cbrwps:wp360

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