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

Jason Coupet and Abagail McWilliams ()
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Jason Coupet: School of Public and International Affairs, North Carolina State University, Raleigh, NC 27695, USA

Administrative Sciences, 2017, vol. 7, issue 3, 1-13

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, education and garbage collection. 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.

Keywords: agency theory; property rights; transaction costs; efficiency; public service sector (search for similar items in EconPapers)
JEL-codes: L M M0 M1 M10 M11 M12 M14 M15 M16 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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