Abstract
ABSTRACTIn this paper the transactions cost approach (TCA) is used to define organizations and to predict their forms under certain conditions. Next, Aaron Wildavsky's approach is used to define the policy process and to predict its form in particular organizations. Two assertions follow: namely, that the most efficient organizational form may be predicted from knowledge of underlying transactions costs, and that the form of the policy process in an organization can be predicted from knowledge of the organization's form (regardless of whether it is the most efficient form). Recent natural gas policy in the U.S.A. is used to illustrate these propositions, and several conclusions are offered about 1) the potential applicability of the TCA to the public sector and to the policy process and 2) about the potential applicability of Wildavsky's version of the policy process to differing organizational forms.
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