Harrison, Teresa; Laincz, Christopher - In: Contributions to Economic Analysis & Policy 8 (2008) 1, pp. 1937-1937
We study the entry and exit dynamics of nonprofit public charities using 1989-2003 tax return data. The observed patterns can be understood using a dynamic industry model based on Jovanovic (1982) that incorporates profit-deviation and a non-redistribution constraint. Both features generate a...