TY -
GEN
AU - Vlassopoulos, Michael
TI -
Quality, reputation and the choice of organizational form
KW - Reputation
KW - Nonprofit Status
KW - Contractual Incompleteness
PY - 2009
N2 - Postprint
N2 - begutachtet (peer reviewed)
N2 - In: Journal of Economic Behavior & Organization ; 71 (2009) 2 ; 515-527
N2 - "This paper revisits the hypothesis that nonprofit organizations emerge in markets that are characterized by contractual incompleteness because they ensure consumers against opportunistic behavior. We extend the Glaeser and Shleifer (2001) framework which studies an entrepreneur's optimal choice of organizational form and service quality when quality is non-contractible into a repeated interaction setting. The main result is that when reputations can be sustained, then for-profit status is the preferred organizational form and high quality services are ensured. This finding suggests that existing explanations of nonprofit organizations that focus entirely on contractual imperfections in the producer/consumer relationship may be inadequate." [author's abstract]
UR - http://slubdd.de/katalog?TN_libero_mab2
ER -