Advanced Search
MyIDEAS: Login

Nondistribution Constraint and Managerial Discretion: Disentangling the Relationship

Contents:

Author Info

  • Vladislav Valentinov

    ()

Abstract

The paper questions the viewpoint of the property rights theorists that nondistribution constraint makes nonprofit firms particularly prone to managerial shirking. The possibility that utility maximized by nonprofit managers corresponds to their firms’ missions is justified by the inability of the real-world price system to ensure the perfect match between profit maximization and utility maximization. The imperfection of this match means that some consumers’ preferences cannot be gratified through the price system and therefore require nonprofit organization. The possibility of managerial on-the-job consumption in nonprofit firms is shown to be insufficient for inferring inefficiency of their property rights structure. Copyright Springer Science + Business Media, Inc. 2006

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://hdl.handle.net/10.1007/s11115-006-0006-z
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Springer in its journal Public Organization Review.

Volume (Year): 6 (2006)
Issue (Month): 4 (December)
Pages: 305-316

as in new window
Handle: RePEc:kap:porgrv:v:6:y:2006:i:4:p:305-316

Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=106610

Related research

Keywords: Nondistribution constraint; Nonprofit organization; Property rights; Utility maximization;

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-62, December.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:kap:porgrv:v:6:y:2006:i:4:p:305-316

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.