• Business
  • Published 1994

The nonprofit firm in a market setting.

  title={The nonprofit firm in a market setting.},
  author={Robert Franciosi},
This dissertation analyzes the nonprofit sector using a framework developed by economists to analyze for-profit industries. Its central hypotheses are that nonprofit 'firms' are run by self-interested individuals and compete for donations in a 'market'. It develops a model that demonstrates that nonprofit contracts are not necessary to solve the principal-agent problem that stems from a good being financed by unconditional lump-sum donations. The effects of nonprofit contracts in the model are… CONTINUE READING