An Examination of the Presence of Ownership Effects in Mixed Markets
Whether consumers perceive for-profit, nonprofit, and government outputs to be perfect substitutes has implications for understanding the social value of nonprofit and governmental producers in the marketplace. While theoretical arguments have been made in support of and against the existence of ownership effects, little empirical research has been conducted to measure their presence. This study examines data from the Wisconsin nursing home industry from 1984 through 1995 and concludes that ownership effects exist, with consumers indicating the greatest preference for nonprofit homes and the least preference for government homes, ceteris paribus. This result is robust to different specifications. Copyright 2005, Oxford University Press.
Volume (Year): 21 (2005)
Issue (Month): 1 (April)
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: http://jleo.oupjournals.org/
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:jleorg:v:21:y:2005:i:1:p:228-255. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.