Organizational Behavior in Private Nonprofits: A Study of Liberal Arts Colleges

David Chu () and John O'Connell ()
Additional contact information
David Chu: Department of Economics, College of the Holy Cross
John O'Connell: Department of Economics, College of the Holy Cross

No 9402, Working Papers from College of the Holy Cross, Department of Economics

Abstract: An effort is made to examine empirically the behavior of private nonprofit liberal arts colleges. The conventional wisdom that nonprofits arise to insure quality in a context of asymmetric information, and that behavior is driven by the need to insure implicit contract compliance is studied. A three-equation model is estimated for the demand price and quality of liberal arts education. Among the conclusions are that consumers are able to acquire and respond to information, that market forces analogous to those in the private sector insure contract compliance and that price premia are not systematically related to quality differentials. The endowment proves to be a means of moderating price increases rather than an end in itself.

Keywords: Organizational behavior; Financial management; liberal arts colleges; nonprofits (search for similar items in EconPapers)
Pages: 28 pages
Date: 1994-09
References: Add references at CitEc
Citations:

Published in Research in Healthcare Financial Management, August 2001, Vol. 6:1, pp. 1-19.

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hcx:wpaper:9402

Access Statistics for this paper

More papers in Working Papers from College of the Holy Cross, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Victor Matheson ().