Property Rights, Incentives, and Organizations

Kathleen A. Carroll

Chapter 4 in Property Rights and Managerial Decisions in For-profit, Nonprofit, and Public Organizations, 2004, pp 45-57 from Palgrave Macmillan

Abstract: Abstract Incentives direct economic behavior. Incentives derive from the system of rewards and penalties that prevails in any decision environment. The efficient decision maker considers each decision alternative, compares the net gain from each alternative, and then chooses the decision that yields the highest net gain.

Keywords: Nonprofit Organization; Private Property; Economic Property; Communal Property; Neoclassical Model (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-4809-0_4

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DOI: 10.1057/9781403948090_4

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