This paper extends a transaction costs framework to the nonprofit sector where information asymmetries are typically acute. I explore the decision of charitable foundations to place material restrictions on grants to nonprofits. Foundations often place constraints on grant use to limit...

This paper investigates theoretically and empirically the effects of competition for donors on the behavior of non-profit organizations. Theoretically, we consider a situation in which non-profit organizations use donations to produce some commodity, but the use of donations is only partially...

Donors increasingly rely on financial information reported by IRS Form 990 to allocate donations among nonprofit firms. However, competition among nonprofits creates an incentive for managers to under-report management and fundraising expenditures to make their firms appear relatively efficient....

This article investigates theoretically and empirically the effects of competition for donors on the behavior of nonprofit organizations. Theoretically, we consider a situation in which nonprofit organizations use donations to produce some commodity, but the use of donations is only partially...

Educational achievement is positively correlated with religious devotion. However, those religious sects which are more devoted have, on average, lower levels of education. Evangelical Protestants, for example, have the highest level of religious devotion but the lowest level of educational...

All social enterprises share a common struggle to finance collective goods. Collective goods are notoriously difficult for private firms to produce, because of the incentive for their constituents to defect, or free-ride, on the contributions of others. Because of their historical success, this...

This paper introduces a new empirical approach to the nonprofit literature which can measure competition between nonprofit organizations. Our approach provides a framework to determine when and how the number of firms may be incorporated in empirical competitive analysis. We then systematically...