FROM THE ARTICLE: At the end of November 2023, the New York Times published an editorial: Why Are Nonprofit Hospitals Focused More on Dollars Than Patients? It is certainly a valid question. Most people might assume that not-for-profit (NFP) organisations focus on providing a public benefit...

The U.S. has been under pressure to abandon the unique first-to-invent feature of its patent law for awarding patents. The opposition to reform however argues that switch to a first-to-file rule, the international norm, will undermine innovation. We evaluate this argument in a dynamic stochastic...

Das Konzept der Medical Savings Accounts als Instrument zur Finanzierung von Gesundheitssystemen hat in den letzten Jahren international Aufmerksamkeit erregt. In Deutschland wurde ein ähnliches Konzept für die Gesetzliche Rentenversicherung im Rahmen der Riester Rente diskutiert. Länder wie...

This paper uses data envelopment analys is to investigate the extent to which universities in the United States have undergone productivity and efficiency changes, partly due to managerial performance, during the 2005-09 academic years. Using panel data for 133 research and doctoral...

This paper uses a rich employer-employee matched data set to investigate the existence and the extent of nonprofit and part-time wage and compensation differentials in child care. The empirical strategy adjusts for workers' self-selection into the for-profit or nonprofit sectors, into full-time...

Historically, every country had its own accounting standards, each merging to some extent with its local corporate, labor, and tax laws. No matter how undesirable, it was natural to expect differences among nations. Globalization made these differences so impractical that from corporate leaders...

In this chapter, we explore the extent to which universities and other nonprofit research institutes currently participate in the secondary market for patents. We document 220 assignments, involving a total of 544 U.S. patent assets, that appear to represent arms-length patent sales by...

Charitable giving to public and private institutions of higher learning in the US is a growing major source of financing academic and support programs. The novel contribution of this research is the estimation of an econometric model of gift-giving alumni business executives of a large public...

This study investigates the selection into lab experiments among university students based on data from two cohorts of a university's first-year students. The analysis combines two experiments: a classroom experiment in which we elicited measures for risk, time, social preferences, confidence,...

Professions are a mode of organization in which work is highly uncertain and contingent, requiring professional practitioners to rely heavily on their individual skill and judgment within the norms of accepted practice for their particular professions. But professionals must often draw on...