The Social Provisioning of Goods and Services: A Dynamic Approach to the Alignment of Transactions with Governance Structures

Antoon Spithoven

Journal of Economic Issues, 2015, vol. 49, issue 2, 543-551

Abstract: Original institutional economists and the transaction cost economist, Oliver Williamson, have inquired into social provisioning of goods and services. Original institutional economists could build upon the achievements of Williamson’s static approach. This might be done by incorporating the struggle for power into his analysis of governance structures. The struggle for power, which might be socially motivated, materializes in the form of a change in (i) mark-up, (ii) the institutional environment of governance structures, (iii) the instruments of governance structures, or (iv) the dimensions of transactions. A series of behaviors might be enforced that endorse these changes. Simultaneously, rules might be circumvented by bounded socialized actors who oppose them. In turn, this fosters further amendments, as I show by references to Obamacare.

Date: 2015
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DOI: 10.1080/00213624.2015.1042802

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