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Timothy Besley and James M. Malcolmson
In spite of a range of policy initiatives in sectors such as education, health care and legal services, whether choice and competition is valuable remains contested territory. This paper studies the impact of choice and ...Read more...
16 August 2016
Jonathan de Quidt, Thiemo Fetzer and Maitreesh Ghatak
Motivated by recent controversies surrounding the role of commercial lenders in microfinance, we analyze borrower welfare under different market structures,considering a benevolent non-profit lender, a for-profit monopol...Read more...
1 September 2012
Maitreesh Ghatak and Hannes Mueller
We re-examine the labor donation theory of not-for-profits and show that these organizations may exist not necessarily because motivated workers prefer to work in them, or that they dominate for-profits in terms of welfa...Read more...