Prospects for and Barriers to Local Government Joint Ventures

In: State and local government review: a journal of research and viewpoints on state and local government issues, Band 41, Heft 2

Abstract

This study examines climate change the formation of local government joint ventures for economic development. The results of a survey of local government officials in 12 metropolitan areas are used to compare cities that do and do not have a joint venture agreement and identify prospects for interjurisdictional cooperation. Transaction cost theory is applied as an analytical framework to explain the barriers to collective action. The results suggest there are differences in the motivations for cooperation and significant variation among cities in the extent to which officials perceive coordination, division, and defection problems as obstacles to forming a joint venture. Adapted from the source document.