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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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Marketization and Transaction Modes

Marketization and Transaction Modes

(p.44) 3 Marketization and Transaction Modes
The Marketization of Employment Services

Ian Greer

Karen Breidahl

Matthias Knuth

Flemming Larsen

Oxford University Press

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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