There is a literature on the economics of nonprofit organizations. I wrote my dissertation on it back in the day.
The standard definition of a nonprofit organization is one that has no shareholders. Examples include religious organizations, political parties, garden clubs, think tanks, and many more -- but not in general oil companies. >On 12/19/11 7:29 PM, David Shemano wrote: >> You did not answer the question, at least not to my satisfaction. >> What prompted my question was your statement that "Profit-seeking >> companies have an incentive to dump costs on others (externalize >> internal costs, pollute) and to capture external benefits." That >> statement implies that not-for-profit companies have different >> incentives. > >What kind of "not-for-profit" companies are there besides universities, >hospitals, etc.? > >How in the world would a "non-profit" oil company operate in the USA? > >Unless you are talking about the Soviet Union and who wants to waste >time debating about that unless you are bored and listless. I'd rather >watch Housewives of Beverly Hills. >_______________________________________________ >pen-l mailing list >[email protected] >https://lists.csuchico.edu/mailman/listinfo/pen-l > > _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
