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Antitrust Treatment of Nonprofits : Should Hospitals Receive Special Care?
Capps, Cory S. - 2017
Nonprofit hospitals receive favorable tax treatment in exchange for providing socially beneficial activities. Extending this rationale would suggest that, insofar as suppression of competition would allow nonprofits to cross-subsidize care for needy populations, nonprofit hospital mergers should...
Persistent link: https://www.econbiz.de/10012963743
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Constraining Managers Without Owners : Governance of the Not-for-Profit Enterprise
Desai, Mihir A.; Yetman, Robert J. - 2022
In the absence of owners, how effective are the constraints imposed by the state in promoting effective firm governance? This paper develops state-level indices of the legal and reporting rules facing not-for-profits and examines the effects of these rules on not-for-profit behavior. Stronger...
Persistent link: https://www.econbiz.de/10013311901
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Social Impact Bonds in Nonprofit Health Care : New Product or New Package?
Pauly, Mark V. - 2013
This note considers a relatively new form of financing for social services, the "Social Impact Bond." Proponents of Social Impact Bonds argue that they present a solution to several problems in funding social services, including performance measurement and the distribution of risk. Using a...
Persistent link: https://www.econbiz.de/10013082772
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Investment Returns and Distribution Policies of Non-Profit Endowment Funds
Dahiya, Sandeep - 2018
We present the first estimates of investment returns and distribution rates for U.S. non-profit endowment funds, based on a comprehensive sample of 29,762 organizations drawn from Internal Revenue Service filings for 2009-2017. Non-profit endowments badly underperform market benchmarks, with...
Persistent link: https://www.econbiz.de/10012906799
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Antitrust in the Not-for-Profit Sector
Philipson, Tomas - 2010
Despite the conceptual differences between for-profit and non-profit firms stressed in conventional economic analyses of the non-profit sector, U.S. antitrust law generally does not distinguish between these two organizational forms. This paper argues that the same incentives to restrain trade...
Persistent link: https://www.econbiz.de/10012761672
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Nonprofit Production and Competition
Lakdawalla, Darius N.; Philipson, Tomas - 2021
Industries in which private nonprofit production is present and significant, such as health care and education, account for more than one-fifth of US economic activity. This paper argues that previous analysis of nonprofits has not separated profit-deviating preferences from the state-defined...
Persistent link: https://www.econbiz.de/10013224865
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Antitrust and the Not-for-Profit Sector
Philipson, Tomas; Posner, Richard A. - 2021
Although the not-for-profit sector contributes greatly to aggregate output in many industries, there is little explicit analysis of the consequences of applying antitrust policy in this sector. This paper argues that the same incentives to collude exist in the non-profit sector as in the...
Persistent link: https://www.econbiz.de/10013239952
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Altruism, Rivalry and Crowding-Out in the Nonprofit Firm's Supply of Charity Services : the Case of Hospitals
Frank, Richard G.; Salkever, David S. - 2014
This paper extends previous research on Individuals' supply of charitable donations to the behavior of nonprofit firms. Specifically, we study provision of charity care by private, nonprofit hospitals. We demonstrate that In the absence of large positive income effects on charity care supply,...
Persistent link: https://www.econbiz.de/10014075329
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Dynamic Commercialization Strategies for Disruptive Technologies : Evidence from the Speech Recognition Industry
Marx, Matt - 2015
commercialization with the startup. While the prevailing theory of disruptive innovation suggests that this will lead to (exclusively …) competitive commercialization and the eventual replacement of incumbents, we consider a dynamic strategy involving product market … entry before switching to a cooperative commercialization strategy. Empirical evidence from the automated speech recognition …
Persistent link: https://www.econbiz.de/10013034526
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Private Politics and Public Regulation
Egorov, Georgy - 2013
We develop a dynamic game to explore the interaction between regulation and private policies, such as self-regulation by firms and activism. Without a public regulator, the possibility of self-regulation is bad for the firm, but good for activists who are willing to maintain a costly boycott to...
Persistent link: https://www.econbiz.de/10013071787