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Reputation-Based Governance$
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Lucio Picci

Print publication date: 2011

Print ISBN-13: 9780804773294

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804773294.001.0001

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Entities, Roles, and Functions of Reputation-Based Governance

Entities, Roles, and Functions of Reputation-Based Governance

(p.57) 4 Entities, Roles, and Functions of Reputation-Based Governance
Reputation-Based Governance
Stanford University Press

This chapter begins by presenting a stripped-down characterization of public governance, focusing only on the role of the actors that are called to materially carry out a policy. The realization of a policy is the result of three subsequent stages, or processes: policy selection, contractor selection, and policy execution. The input of governance is represented by the policy space, that is, the set of countless possibilities for action that the administration faces, and the firm's space, that is, the set of potential contractors. The chapter gradually adds texture to this very simple model. In particular, it introduces the stakeholders who, by assessing the outputs of policies, are instrumental in the computation of measures of reputation.

Keywords:   reputation, public governance, policies, stakeholders, policy selection, contractor selection, policy execution

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