TCE | | | High transaction costs are associated with negotiating, monitoring and enforcing a contract Opportunism of actors is reinforced by uncertainty and environmental complexity because of the bounded rationality of the options and the ‘small number’ of problem/uncontestable mandates of actors
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PAT | | | Bounded rationality and opportunism of actors and complexity in the performance environment Uncertainty over outcomes Conflicting goals and interests between the principal and the agent Different attitudes toward risk between the principal and the agent
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RDT | | | |
PE perspectives | Coordination dynamics and mechanisms evolve because of a political (contested and negotiated) process Internal politics of coordination unfolds within the dynamic interactions between actors and context Actors are enmeshed within broader structures and complex power, and institutional and ideational contexts that condition their actions. Over time and when conditions are amenable to change, actors’ agency can influence structures and create new structures
| Necessity in response to regulatory instruments Legitimacy in response to normative elements Path dependence and institutional structures Power structures and motivations of those that hold vital power for needed actions (resources, positional, knowledge reverence, etc)
| Conflicting institutional logics and interests promote organisational silos Multiplicity of power centres arising from institutions, ideas and agents History and normative values for action or inaction
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