| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11240 |
| DP11240 Wolves in Sheep's Clothing: Is non-profit status used to signal quality? | |
| Carol Propper; Sarah Smith | |
| 发表日期 | 2016-04-20 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Why do firms adopt non-profit status? One argument is that non-profit status serves as a signal of quality when consumers are not well informed. A testable implication is that an increase in consumer information may lead to a reduction in the number of non-profits in a market. We test this idea empirically by exploiting an exogenous increase in consumer information in the US nursing home industry. Indeed, we find that the information shock led to a reduction in the share of non-profit homes in the market, driven by a combination of home closure and sector switching. The lowest quality non-profits were the most likely to exit. Our results have important implications for the effects of reforms to increase consumer provision in a number of public services. |
| 主题 | Public Economics |
| 关键词 | Non-profit Quality disclosure Nursing homes |
| URL | https://cepr.org/publications/dp11240 |
| 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/540058 |
| 推荐引用方式 GB/T 7714 | Carol Propper,Sarah Smith. DP11240 Wolves in Sheep's Clothing: Is non-profit status used to signal quality?. 2016. |
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