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The Marketization of Employment ServicesThe Dilemmas of Europe's Work-first Welfare States$
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Ian Greer, Karen N. Breidahl, Matthias Knuth, and Flemming Larsen

Print publication date: 2017

Print ISBN-13: 9780198785446

Published to Oxford Scholarship Online: August 2017

DOI: 10.1093/oso/9780198785446.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 15 December 2019

Marketization and Transaction Modes

Marketization and Transaction Modes

Chapter:
(p.44) 3 Marketization and Transaction Modes
Source:
The Marketization of Employment Services
Author(s):

Ian Greer

Karen Breidahl

Matthias Knuth

Flemming Larsen

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198785446.003.0003

Marketization in this book is conceptualized in terms of the features of transactions that produce competition between providers. The organization of competition between providers is an important feature of policymaking because it affects the way that public policy is articulated in front-line public services. This chapter distinguishes among three transaction modes under which marketization proceeds along very different lines: grants (which are prior to marketization), purchasing (which is the subject of public procurement law), and vouchers (which rely on customer choice of clients). The chapter then analyzes these in terms of four features of the transaction that determine the intensity of competition between providers: the price mechanism, openness, prescription, and frequency.

Keywords:   definition of marketization, transactions, public authorities, grants, vouchers, public purchasing, procurement law, consumer choice, contracts, price mechanism

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