Supply and Demand in a Nonprofit World

John Hoag
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John Hoag: Bowling Green State University

Journal of Economic Insight, 2023, vol. 49, issue 2, 106-125

Abstract: This paper examines both the supply of and demand for a good produced by firms in a nonprofit setting. The objective is to see if the standard positive slope for supply and negative slope for demand need hold. In a setting where quality becomes a choice variable, it is possible to have a negatively sloped supply. Similarly for demand, when quality is part of the choice, it is possible that demand is positively sloped. I do not expect both conditions to hold in the same market.

JEL-codes: I29 L21 L30 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:mve:journl:v:49:y:2023:i:2:p:106-125

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