Public Good Markets: The Possible Role of Hybrid Governance Structures in Institutions for Sustainability

Guido Van Huylenbroeck (), Anne Vuylsteke () and Wim Verbeke
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Guido Van Huylenbroeck: Ghent University
Anne Vuylsteke: Ghent University

Chapter 9 in Institutions and Sustainability, 2009, pp 175-191 from Springer

Abstract: Abstract Based on a review of the concept of markets, a more comprehensive definition of markets is developed. Within this concept it is argued that hybrid governance structures, which are defined as structures in which actors with autonomous property rights transfer part of these rights to a transaction partner without losing all property rights, play an important role. Based on the theory of hybrid governance structures for private goods, the concept of hybrid organisations in public good markets is conceptualised. We are convinced this may contribute to the further elaboration of the "institutions of sustainability" concept developed by Konrad Hagedorn.

Keywords: Action arena; Hybrid governance; Institutions; Public good markets; Transaction costs (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-1-4020-9690-7_9

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