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A critical assessment of transaction cost theory and governance of public services with special reference to water and sanitation

Hulya Dagdeviren and Simon A. Robertson.

in Cambridge Journal of Economics

November 2016; p ublished online January 2016 .

Journal Article. Subjects: History of Economic Thought (to 1925); Publicly Provided Goods; Public Economics; Nonprofit Organizations and Public Enterprise; Energy and Utilities. 10222 words.

This paper aims to provide a critical assessment of Oliver Williamson’s work on the choice between public and private governance by focusing on his central proposition that public...