Transaction Costs and the Perceived Effectiveness of Complex Institutional Systems.

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Title: Transaction Costs and the Perceived Effectiveness of Complex Institutional Systems.
Authors: Lubell, Mark1 mnlubell@ucdavis.edu, Mewhirter, Jack M.2 jack.mewhirter@uc.edu, Berardo, Ramiro3 berardo.3@osu.edu, Scholz, John T.4 jscholz@fsu.edu
Source: Public Administration Review. Sep/Oct2017, Vol. 77 Issue 5, p668-680. 13p. 4 Charts.
Subject Terms: *Interorganizational relations, Transaction costs, Water supply policy, Complex organizations, Social institutions
Abstract: This article studies factors affecting how policy actors perceive the effectiveness of political institutions involved in complex water governance systems. The ecology of games framework argues that participants are more likely to perceive institutions as effective when the benefits of solving collective action problems outweigh the transaction costs of developing political contracts within these institutions. The authors hypothesize that transaction costs are a function of conflict, type of participation, political knowledge, scientific knowledge, and actor resources. Survey results suggest that the importance of these different sources of transaction costs varies across study sites in the Tampa Bay watershed in Florida, the Sacramento-San Joaquin River delta in California, and the Paraná River delta in Argentina. Based on the observed differences, some initial ideas are sketched about the evolution of complex governance systems from fairly simple and informal rules and networks to well-established tapestries of many formal institutions. [ABSTRACT FROM AUTHOR]
Copyright of Public Administration Review is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: <searchLink fieldCode="AR" term="%22Lubell%2C+Mark%22">Lubell, Mark</searchLink><relatesTo>1</relatesTo><i> mnlubell@ucdavis.edu</i><br /><searchLink fieldCode="AR" term="%22Mewhirter%2C+Jack+M%2E%22">Mewhirter, Jack M.</searchLink><relatesTo>2</relatesTo><i> jack.mewhirter@uc.edu</i><br /><searchLink fieldCode="AR" term="%22Berardo%2C+Ramiro%22">Berardo, Ramiro</searchLink><relatesTo>3</relatesTo><i> berardo.3@osu.edu</i><br /><searchLink fieldCode="AR" term="%22Scholz%2C+John+T%2E%22">Scholz, John T.</searchLink><relatesTo>4</relatesTo><i> jscholz@fsu.edu</i>
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  Data: <searchLink fieldCode="JN" term="%22Public+Administration+Review%22">Public Administration Review</searchLink>. Sep/Oct2017, Vol. 77 Issue 5, p668-680. 13p. 4 Charts.
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  Data: *<searchLink fieldCode="DE" term="%22Interorganizational+relations%22">Interorganizational relations</searchLink><br /><searchLink fieldCode="DE" term="%22Transaction+costs%22">Transaction costs</searchLink><br /><searchLink fieldCode="DE" term="%22Water+supply+policy%22">Water supply policy</searchLink><br /><searchLink fieldCode="DE" term="%22Complex+organizations%22">Complex organizations</searchLink><br /><searchLink fieldCode="DE" term="%22Social+institutions%22">Social institutions</searchLink>
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  Data: This article studies factors affecting how policy actors perceive the effectiveness of political institutions involved in complex water governance systems. The ecology of games framework argues that participants are more likely to perceive institutions as effective when the benefits of solving collective action problems outweigh the transaction costs of developing political contracts within these institutions. The authors hypothesize that transaction costs are a function of conflict, type of participation, political knowledge, scientific knowledge, and actor resources. Survey results suggest that the importance of these different sources of transaction costs varies across study sites in the Tampa Bay watershed in Florida, the Sacramento-San Joaquin River delta in California, and the Paraná River delta in Argentina. Based on the observed differences, some initial ideas are sketched about the evolution of complex governance systems from fairly simple and informal rules and networks to well-established tapestries of many formal institutions. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Public Administration Review is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1111/puar.12622
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        Text: English
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      – SubjectFull: Water supply policy
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              M: 09
              Text: Sep/Oct2017
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