Ghatak, Maitreesh; Mueller, Hannes - In: Journal of Public Economics 95 (2011) 1-2, pp. 94-105
We re-examine the labor donation theory of not-for-profits and show that these organizations may exist not necessarily because motivated workers prefer to work in them, or that they dominate for-profits in terms of welfare, but because the excess supply of motivated workers makes the non-profit...
