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- W2902063830 abstract "When viewed from the societal level, evidence indicates that it is cheaper to house the homeless and to provide them with necessary resources than to merely manage the problem and let it persist. As the current handling of homeless issues is not economically rational, the existence of homelessness is an empirical mystery that begs for an explanation and a solution. An explanation of the wastefulness of homelessness can be derived by using Oliver E. Williamson's transaction cost economics model. This model examines transaction costs, which are the costs incurred when making an economic exchange. Through this lens, inefficient policies concerning homelessness can be seen as a where transaction costs are excessive. In the absence of a solution, certain “functions of homelessness” emerge where various groups and institutions have a stake in the persistence of this social problem. Williamson argues that the solution to market failure is to build an organization which reduces transaction costs and resolves situational complexities and uncertainties by internalizing them. The supportive housing model, a solution to homelessness promoted nationally by the 100,000 Homes Campaign, represents a viable organizational solution to this particular market failure.Faculty Mentor: Dr. Paul McLaughlin" @default.
- W2902063830 created "2018-12-11" @default.
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- W2902063830 date "2018-06-14" @default.
- W2902063830 modified "2023-09-24" @default.
- W2902063830 title "Should We House the Homeless" @default.
- W2902063830 hasPublicationYear "2018" @default.
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