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Public Good Markets: The Possible Role of Hybrid Governance Structures in Institutions for Sustainability

In: Institutions and Sustainability

Author

Listed:
  • Guido Van Huylenbroeck

    (Ghent University)

  • Anne Vuylsteke

    (Ghent University)

  • Wim Verbeke

    (Ghent University)

Abstract

Based on a review of the concept of markets, a more comprehensive definition of markets is developed. Within this concept it is argued that hybrid governance structures, which are defined as structures in which actors with autonomous property rights transfer part of these rights to a transaction partner without losing all property rights, play an important role. Based on the theory of hybrid governance structures for private goods, the concept of hybrid organisations in public good markets is conceptualised. We are convinced this may contribute to the further elaboration of the "institutions of sustainability" concept developed by Konrad Hagedorn.

Suggested Citation

  • Guido Van Huylenbroeck & Anne Vuylsteke & Wim Verbeke, 2009. "Public Good Markets: The Possible Role of Hybrid Governance Structures in Institutions for Sustainability," Springer Books, in: Volker Beckmann & Martina Padmanabhan (ed.), Institutions and Sustainability, chapter 9, pages 175-191, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4020-9690-7_9
    DOI: 10.1007/978-1-4020-9690-7_9
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    Cited by:

    1. Robert Roßner & Dimitrios Zikos, 2018. "The Role of Homogeneity and Heterogeneity Among Resource Users on Water Governance: Lessons Learnt from an Economic Field Experiment on Irrigation in Uzbekistan," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 4(03), pages 1-30, July.

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