Private-order market institutions founded on trust-based relational contracts suffer adverse selection and moral hazard problems, while public-order market institutions have a limited capacity to enforce contracts. I model agent selection between contract enforcement institutions and demonstrate...

We study an endogenous growth model where a profit-motivated R and D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones which are produced by a monopoly owned by the inventor. We show that...

"This book explores current and emergent approaches in the financial development and sustainability of higher education institutions through altruistic actions and financial assistance, featuring global perspectives on the economics of philanthropy in educational settings and subsequent growth...