A New Institutional Economics Perspective on the Relationship Among Societal Values , Governance Structure and Access to Rural Health Care Services


According to New Institutional Economics, transactional activities, governance structures, institutions and beliefs and values are related hierarchally. Williamson (2000) formalizes this framework to show that each governing level must be aligned with the adjacent level for transaction costs to be minimized. This framework is applied to the question of… (More)

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