I S N On-p Rofit S Tatus a S Ignal of B Etter Q Uality ? M Icro-l Evel E Vidence from J Apan ’ S a T-home C Are I Ndustry

After the introduction of public long-term care insurance in 2000, for-profit facilities were allowed to enter the at-home care market in Japan, where nonprofits are dominant. However, according to a popular hypothesis called the “contract failure,” nonprofit centers are preferred over for-profit counterparts due to an asymmetry of information. If this is… (More)