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An Examination of the Presence of Ownership Effects in Mixed Markets

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  • Jeffrey P. Ballou

Abstract

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.

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  • Jeffrey P. Ballou, 2005. "An Examination of the Presence of Ownership Effects in Mixed Markets," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 21(1), pages 228-255, April.
    • Handle: RePEc:oup:jleorg:v:21:y:2005:i:1:p:228-255
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    File URL: http://hdl.handle.net/10.1093/jleo/ewi010
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    Cited by:

    1. Erwan Quéinnec, 2012. "Les organisations sans but lucratif repondent- elles à une demande de biens de confiance ? Le cas des services de prise en charge," Revue d'économie politique, Dalloz, vol. 122(1), pages 67-87.
    2. Erwan Queinnec, 2011. "Do Not-For-Profit Organizations Meet A Demand For Trust Goods ? A Reappraisal Of The Contract Failure Theory [Resoudre Un Probleme D’Asymetrie D’Information En S’Abstenant De Faire Du Profit : Les ," CEPN Working Papers hal-01367931, HAL.
    3. Vladislav VALENTINOV, 2008. "The Economics Of The Non‐Distribution Constraint: A Critical Reappraisal," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 79(1), pages 35-52, March.
    4. Ben-Ner Avner & Karaca-Mandic Pinar & Ren Ting, 2012. "Ownership and Quality in Markets with Asymmetric Information: Evidence from Nursing Homes," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-33, October.
    5. Valentinov, Vladislav, 2009. "Managerial nonpecuniary preferences in the market failure theories of nonprofit organisation," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 36(1/2), pages 81-92.
    6. Alexia Gaudeul, 2008. "Consumer Welfare and Market Structure in a Model of Competition between Open Source and Proprietary Software," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2008-31, Centre for Competition Policy, University of East Anglia, Norwich, UK..

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