Managing contract performance: A transaction costs approach

Trevor L. Brown and Matthew Potoski
Additional contact information
Trevor L. Brown: School of Public Policy and Management, The Ohio State University, Columbus, Postal: School of Public Policy and Management, The Ohio State University, Columbus
Matthew Potoski: Department of Political Science, Iowa State University, Ames, Postal: Department of Political Science, Iowa State University, Ames

Journal of Policy Analysis and Management, 2003, vol. 22, issue 2, 275-297

Abstract: Managing contracts is a complex process, often exacerbated by high transaction costs inherent in negotiating, implementing, and monitoring contract relationships with vendors. Through analyses of data from a 1997 International City|County Management Association survey of municipal and county governments, the way in which municipal and county governments respond to transaction cost factors inherent in contract service delivery is examined. The results of the analyses demonstrate that when governments contract for services in contexts that risk contract failure, they engage in a variety of monitoring techniques to improve their ability to monitor and correct vendor performance. © 2003 by the Association for Public Policy Analysis and Management.

Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (42)

Downloads: (external link)
http://hdl.handle.net/10.1002/pam.10117 Link to full text; subscription required (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:jpamgt:v:22:y:2003:i:2:p:275-297

DOI: 10.1002/pam.10117

Access Statistics for this article

More articles in Journal of Policy Analysis and Management from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().