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Limited donations force nonprofit entrepreneurs to ration needy individuals by deciding on who is served at what …
Persistent link: https://www.econbiz.de/10008515965
literature on the pricing and rationing behaviour of nonprofit firms. Within our theoretical model, we find ambiguous reactions …
Persistent link: https://www.econbiz.de/10008515967
We study the conditions under which it is rational for a representative entrepreneur to start a nonprofit firm. Taking … find that the nonprofit organizational form becomes unequivocally more attractive to entrepreneurs if enforcement of the … non-distribution constraint is weak. We also nd that the quality delivered by nonprofit firms is lower under weak …
Persistent link: https://www.econbiz.de/10005146540
I study the competition between one nonprofit and one for-profit firm under various objective functions of the … nonprofit firm. The two firms optimize their objectives with respect to quality and price of their products. The nonprofit firm … decrease, and consumer and total surplus increase. For the case of quality maximization pursued by the nonprofit firm, I derive …
Persistent link: https://www.econbiz.de/10005086616
How do managers in Not-For-Profit organizations conceptualize their career success? While the for-profit sector provides more objective measures such as salary level or position in the hierarchy, Not For Profit Organizations often lack hard and fast metrics. This work seeks to develop a...
Persistent link: https://www.econbiz.de/10005704598
In a linear city model of firm location, firms have altruistic objective functions that consist of a linear combination of maximizing profits and producing output, although firms are constrained to earn nonnegative profits. If firms place sufficient weight on maximizing profits, then firms...
Persistent link: https://www.econbiz.de/10010757301
of quality information on selected dimensions, to investigate how nonprofit nursing homes react to economic incentives. I …
Persistent link: https://www.econbiz.de/10009699385
In these slides we discuss the practical and conceptual difficulty of finding an Optimal Capital Structure. We propose a normative approach we call Implicit Bankruptcy Costs Theory and how to proceed to find the optimal capital structure and value with period-to-period constant and variable...
Persistent link: https://www.econbiz.de/10010762910
This paper shows how to proceed to find the optimal capital structure and value with period-to-period constant and variable leverage, when the discount rate for tax shields is Ke, the cost of levered equity. Numerical procedures and recursive closed-form non-circular expressions for the...
Persistent link: https://www.econbiz.de/10010763042
Persistent link: https://www.econbiz.de/10013184896