Chapter

Partnerships as second-order contracts

Niels Åkerstrøm Andersen

in Partnerships

Published by Policy Press

Published in print January 2008 | ISBN: 9781847420268
Published online March 2012 | e-ISBN: 9781447302926 | DOI: http://dx.doi.org/10.1332/policypress/9781847420268.003.0007
Partnerships as second-order contracts

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First-order contracts make external reference to an externally defined legal order. Second-order contracts create preconditions and premises for future promises. First-order contracts focus on exchange. The issue is what is to be exchanged, for example, money for building maintenance. In contrast, second-order contracts focus on development. These are about joint projects for development, for example, which hospital is to be developed in the future, which highway to be built around a city, or how to extend collaboration. The shift from first-order to second-order contracts is an expression of more than simply a more-or-less-random historical variation of the phenomenon of contract. This chapter presents the definitions of partnership, a step-by-step illustration of the process, and the first- and second-order temporal dimension.

Keywords: partnership; contract; exchange; development

Chapter.  5101 words.  Illustrated.

Subjects: Organizations

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