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THEORIES OF NON‐PROFIT INSTITUTIONS
Author(s) -
Holtmann A. G.
Publication year - 1988
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/j.1467-6419.1988.tb00035.x
Subject(s) - economics , profit (economics) , empirical research , microeconomics , gross profit , industrial organization , profit rate , for profit , market failure , classical economics , philosophy , epistemology
. As thoughtful modelling and empirical research of non‐profit enterprises continues to grow, two general views of non‐profit organizations are emerging: one view is that non‐profit firms are inefficient and wasteful; another view is that non‐profit firms are a response to market failure, and, thus, may improve efficiency. The purpose of this paper is to explore the theoretical and empirical work that represents the current divided state of thinking in this area.