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1988•Journal of Economic SurveysRequires access

THEORIES OF NON‐PROFIT INSTITUTIONS

A. G. Holtmann

Open publisher page 15 citations

Abstract

Abstract. As thoughtful modelling and empirical research of non‐profit enterprises continues to grow, two general views of non‐profit organizations are emerging: one view is that non‐profit firms are inefficient and wasteful; another view is that non‐profit firms are a response to market failure, and, thus, may improve efficiency. The purpose of this paper is to explore the theoretical and empirical work that represents the current divided state of thinking in this area.

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Abstract. As thoughtful modelling and empirical research of non‐profit enterprises continues to grow, two general views of non‐profit organizations are emerging: one view is that non‐profit firms are inefficient and wasteful; another view is that non‐profit firms are a response to market failure, and, thus, may improve efficiency. The purpose of this paper is to explore the theoretical and empirical work that represents the current divided state of thinking in this area.

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Available abstract

Abstract. As thoughtful modelling and empirical research of non‐profit enterprises continues to grow, two general views of non‐profit organizations are emerging: one view is that non‐profit firms are inefficient and wasteful; another view is that non‐profit firms are a response to market failure, and, thus, may improve efficiency. The purpose of this paper is to explore the theoretical and empirical work that represents the current divided state of thinking in this area.

Key concepts: Economics, Profit (economics), Empirical research, Microeconomics, Gross profit, Industrial organization, Profit rate, For profit

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