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Adm. Sci. 2017, 7(3), 29; doi:10.3390/admsci7030029

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

1
School of Public and International Affairs, North Carolina State University, Raleigh, NC 27695, USA
2
College of Business Administration, University of Illinois, Chicago, IL 60607-7122, USA
*
Author to whom correspondence should be addressed.
Received: 26 June 2017 / Revised: 7 August 2017 / Accepted: 14 August 2017 / Published: 16 August 2017
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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. View Full-Text
Keywords: agency theory; property rights; transaction costs; efficiency; public service sector agency theory; property rights; transaction costs; efficiency; public service sector
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Coupet, J.; McWilliams, A. Integrating Organizational Economics and Resource Dependence Theory to Explain the Persistence of Quasi Markets. Adm. Sci. 2017, 7, 29.

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