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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
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: | 01 Nov 2022 16:30 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/87951 |
| DOI: | 10.1111/apce.12130 |
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