The growth of the specialty hospital industry has been one of the most important changes to the hospital industry in recent years. Specialty hospitals focus on three specific types of care: cardiac surgery, orthopedic surgery and general surgery. Proponents argue that specialty hospitals are...

Charity giving continues to be an important aspect of the economic and social fabric of the United States. The number and total assets of nonprofits registered with the Internal Revenue Service (IRS) under the section 501(c)(3) of the tax code have grown significantly over the past decade. Given...

This Article critiques the prevailing justification for subsidies for the charitable sector, and suggests a new alternative. According to contemporary accounts, charity corrects the failure of the private market to provide public goods, and further corrects the failure of government to provide...

The author deconstructs the prevailing conceptualization of non-profit marketing and concludes it rests on three principles: voluntary exchange, an open system organization, and self-interest motivation. A review of the genesis of these principles revealed that alternative principles were...

The multitask principal-agent theory argues that incentive devices for the agent tend to be complementary due to the need for balanced allocation of effort among the tasks. A growing body of empirical literature appears to support this notion. However, when there can be several signals for each...

Considerable effort has been devoted in recent years to the description of wage structure. This research has documented a rising return to education, unobserved skill, and work experience. However, there appears to be little research into causes of the change in structure. This paper seeks to...

The multitask agency theory argues that incentive devices for the agent need to be viewed as a system to induce balanced allocation of effort among the tasks. This important insight has not been incorporated into the empirical study of CEO compensation. Since there can be several measures for...

We provide an account of the non profit enterprise based on the motivations of the agents involved. Our main idea is that these are ex-post motivated by both self-interest and a conditional willingness to conform to their ex ante accepted constitutional ideology, which are weighed up in a...

While the theoretical literature hypothesizes that nonprofit hospitals are less efficient than for-profits, empirical cost comparisons have been confounded by difficult to measure controls like quality. We bypass this problem by comparing hospital market values measured by sales prices. We ask...

We examine the value of price commitment in a nonprofit organization using individual level purchases over a series of concert performances. To decide on a pricing policy, the performing arts organization must be able to accurately measure when each ticket will be sold and what type of audience...