Prüfer, Jens; Herbst, P. - Tilburg University, Tilburg Law and Economic Center - 2007
Abstract This paper formalizes the difference between firms, nonprofits, and cooperatives and identifies optimal … nonprofits highest levels of quality. Efficiency, however, depends on the competitive environment, the decision making process … by either nonprofits or firms (depending on the incremental costs of quality production). Finally, changes in the …