Vouchers as Innovative Funding of Public Services

Pekka Valkama, Stephen J. Bailey and Ian C. Elliott

Chapter 11 in Innovations in Financing Public Services, 2010, pp 228-252 from Palgrave Macmillan

Abstract: Abstract A voucher is an instrument issued by a principal that can be redeemed by the holder for a service, commodity or other such benefit provided by an agent. The principal is the organisation that finances and issues the voucher. The holder is the person receiving the voucher and, thereby, the service, commodity or other such benefit. The agent provides the service, commodity or other such benefit in exchange for the redeemable voucher.

Keywords: Public Service; Service User; Service Producer; School Choice; Voucher Scheme (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28206-3_11

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DOI: 10.1057/9780230282063_11

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