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Author:Bilodeau, M.
Slivinski, A.
Title:Rational nonprofit entrepreneurship
Journal:Journal of Economics and Management Strategy
1998 : WINTER, VOL. 7:4, p. 551-572
Index terms:ECONOMICS
ENTREPRENEURSHIP
MANAGEMENT
Language:eng
Abstract:This paper derives the decision to found a nonprofit firm as the equilibrium outcome of a multistage game among individuals who would like a public good to be provided. The model predicts that if individuals will voluntarily contribute towards provision of the public good, then it is in the self-interest of the entrepreneur to impose a nondistribution constraint on herself by founding a nonprofit firm.
SCIMA record nr: 192978
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