Firms, Nonprofits, and Cooperatives:A Theory of Organizational Choice

Herbst, Patrick and PrÜfer, Jens ORCID: https://orcid.org/0000-0001-7203-9711 (2016) Firms, Nonprofits, and Cooperatives:A Theory of Organizational Choice. Annals of Public and Cooperative Economics, 87 (3). pp. 315-343. ISSN 1370-4788

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Abstract

We formalize the difference between profit-maximizing firms, nonprofits, and cooperatives and identify optimal organizational choice in a model of quality provision. Firms provide lowest and nonprofits highest levels of quality. Efficiency, however, depends on the competitive environment, the decision making process among owners and technology. Firms are optimal when decision making costs are high. Else, firms are increasingly dominated by either nonprofits or cooperatives. Increased competition improves relative efficiency of firms and decreases relative efficiency of nonprofits.

Item Type: Article
Additional Information: Publisher Copyright: © 2016 The Authors Annals of Public and Cooperative Economics © 2016 CIRIEC
Uncontrolled Keywords: cooperatives,d23,l21,l31,nonprofits,organizational change,organizational choice,theory of the firm,sociology and political science,economics and econometrics ,/dk/atira/pure/subjectarea/asjc/3300/3312
Faculty \ School: Faculty of Social Sciences > School of Economics
Related URLs:
Depositing User: LivePure Connector
Date Deposited: 08 Sep 2022 12:30
Last Modified: 30 Sep 2022 02:26
URI: https://ueaeprints.uea.ac.uk/id/eprint/87951
DOI: 10.1111/apce.12130

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