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A new institutional perspective on alternative governance mechanisms at the local government level

dc.contributor.authorWallis, Joeen_NZ
dc.contributor.authorDollery, Brianen_NZ
dc.date.available2011-04-07T03:05:15Z
dc.date.copyright2001-11en_NZ
dc.identifier.citationWallis, J., & Dollery, B. (2001). A new institutional perspective on alternative governance mechanisms at the local government level (Economics Discussion Papers Series No. 120). University of Otago. Retrieved from http://hdl.handle.net/10523/856en
dc.identifier.urihttp://hdl.handle.net/10523/856
dc.description.abstractThe "new institutional economics" (NIE) can go a long way toward comprehending the emerging complexities of local government. As local bodies seek to forge collaborative partnerships with other organizations, they have to decide whether to solve horizontal co-ordination problems through market, hierarchy or network mechanisms. NIE can show that where other governance mechanisms are incomplete or subject to high transaction costs, trust and co-operation can informally develop through the process by which network interactions become embedded within each other. We show how this approach can be revised to take into account the expressive dimension of behavior in hope-based networks whose members are bound together not so much by structures of resource dependence as by the hope they place in the advancement of common goals. To co-ordinate these networks in multi-organizational partnerships, local authorities may have to play a transformational leadership as well as a facilitative role.en_NZ
dc.format.mimetypeapplication/pdf
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.relation.urihttp://www.business.otago.ac.nz/econ/research/discussionpapers/DP0120.pdfen_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleA new institutional perspective on alternative governance mechanisms at the local government levelen_NZ
dc.typeDiscussion Paperen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages28en_NZ
otago.date.accession2006-02-15en_NZ
otago.schoolEconomicsen_NZ
otago.openaccessOpen
otago.place.publicationDunedin, New Zealanden_NZ
dc.identifier.eprints258en_NZ
otago.school.eprintsEconomicsen_NZ
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