Glaeser, E.L.; Shleifer, A. - Harvard Institute of Economic Research (HIER), … - 1998
Entrepreneurs who start new firms may choose not-for-profit status as a means of commiting to soft incentives. Such … high quality products, the incentives are even softer, and, moreover, non-profit status can serve as a signal of that taste … incentives protect donors, volunteers, consumers and employees from ex post expropriation of profits by the entreperneur. We …