| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8284 |
| DP8284 Quality competition with profit constraints: Do non-profit firms provide higher quality than for-profit firms? | |
| Kurt Richard Brekke; Luigi Siciliani | |
| 发表日期 | 2011-03-07 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | In many markets, such as education, health care and public utilities, firms are often profit-constrained either due to regulation or because they have non-profit status. At the same time such firms might have altruistic concerns towards consumers. In this paper we study semi-altruistic firms? incentives to invest in quality and cost-reducing effort when facing constraints on the distribution of profits. Using a spatial competition framework, we derive the equilibrium outcomes under both quality competition with regulated prices and quality-price competition. Profit constraints always lead to lower cost-efficiency, whereas the effects on quality and price are ambiguous. If altruism is high (low), profit-constrained firms offer higher (lower) quality and lower (higher) prices than firms that are not profit-constrained. Compared with the first-best outcome, the cost-efficiency of profit-constrained firms is too low, while quality might be over- or underprovided. Profit constraints may improve welfare and be a complement or substitute to a higher regulated price, depending on the degree of altruism. |
| 主题 | Industrial Organization |
| 关键词 | Profit constraints Quality competition Semi-altruistic providers |
| URL | https://cepr.org/publications/dp8284 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537121 |
| 推荐引用方式 GB/T 7714 | Kurt Richard Brekke,Luigi Siciliani. DP8284 Quality competition with profit constraints: Do non-profit firms provide higher quality than for-profit firms?. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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