Vouchers as innovative funding of public services

Pekka Valkama*, Stephen J. Bailey, Ian C. Elliott

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

A voucher is an instrument issued by a principal that can be redeemed by the holder for a service, commodity or other such benefit provided by an agent. The principal is the organisation that finances and issues the voucher. The holder is the person receiving the voucher and, thereby, the service, commodity or other such benefit. The agent provides the service, commodity or other such benefit in exchange for the redeemable voucher.
Original languageEnglish
Title of host publicationInnovations in Financing Public Services
Subtitle of host publicationCountry Case Studies
EditorsS.J. Bailey, P. Valkama, A.V. Anttiroiko
Place of PublicationLondon
PublisherPalgrave Macmillan
Chapter11
Pages228-252
Number of pages25
Edition1
ISBN (Electronic)9780230282063
ISBN (Print)9780230241596
DOIs
Publication statusPublished - 30 Jul 2010
Externally publishedYes

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