Hierarchy and Market: The Mechanism of Policy Implementation Mechanism of policy implementation Market mechanism: "Collective action enables society to produce, distribute, and consume a great variety and abundance of goods(and services). Most collective action arises from voluntary agreements among people within families, private organizations and exchange relations. (Weimer vining, 2005, p. 30) Individual rational choice: According to the above-cited premise of liberal economic perspective, the basic decision units in collective actions are individual choices It is further assumed that these basic units will act in accordance with the principles of maximization of utility and profitMechanism of policy implementation Market mechanism: “Collective action enables society to produce, distribute, and consume a great variety and abundance of goods (and services). Most collective action arises from voluntary agreements among people - within families, private organizations and exchange relations.” (Weimer & Vining, 2005, p.30) Individual rational choice: According to the above-cited premise of liberal economic perspective, the basic decision units in collective actions are individual choices. It is further assumed that these basic units will act in accordance with the principles of maximization of utility and profit. Hierarchy and Market: The Mechanism of Policy Implementation