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4 results found.

Development Discussion Paper

Profit with Purpose? A Theory of Social Enterprise with Experimental Evidence

Timothy Besley and Maitreesh Ghatak

When social benefits cannot be measured, a hybrid organization which selects managers based on motivation can be used to balance profi…ts with a social purpose. This paper develops a model of social enterprise based on s...Read more...

8 November 2013

Development Discussion Paper

Thanks for Nothing? Not-for-Profits and Motivated Agents

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...

November 2009

Economics of Industry Paper

The Remains of Regulation: Airlines' Profits After Liberalization

Pedro L Marin

This paper develops an empirical model of entry to analyze the effect of previous regulation on European airlines? post-liberalization profits. The author distinguishes between European flag carriers, which are hightly r...Read more...

December 1995

Theoretical Economics Paper

Irreversible Investment with Uncertainty and Scale Economies

Avinash Dixit

This paper analyses optimal irreversible investment policy when profits are subject to a multiplicative geometric Brownian motion shock. The marginal product of capital is increasing initially and decreasing thereafter. ...Read more...

May 1992