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| Tekijä: | Ghatak, M. Mueller, H. |
| Otsikko: | Thanks for nothing? Not-for-profits and motivated agents |
| Lehti: | Journal of Public Economics
2011 : FEB, VOL. 95:1-2, p. 94-105 |
| Asiasana: | non-profit organizations employee motivation labour supply economics distribution profit |
| Kieli: | eng |
| Tiivistelmä: | We re-investigate the labor donation theory of not-for-profits and show that these organizations may not necessarily exist because motivated workers choose to work in them, or that they exceed for-profits' performance in terms of welfare, but because the excessive supply of motivated workers improves non-profit form's attractiveness to managers. We demonstrate that if firms had to compete for motivated workers, not-for-profit firms would perish against for-profit firms. Hence, in the choice between not-for-profit and for-profit provision, other than incentive problems, rents' distribution between management and workers, and consequently, the relative scarcity of motivated workers can have a key role. |
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