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ABOUT THE BOOK

Nonprofit organizations are arguably the fastest growing and most dynamic part of modern market economies in democratic countries. This Handbook explores the frontiers of knowledge at the intersection of economics and the management of these entities. Top researchers in the field review the role, structure, and behavior of private nonprofit organizations as economic units and their participation in markets and systems of public service delivery, assess the implications of this knowledge for the efficient management of nonprofit organizations and the formulation of effective public policy, and identify cutting-edge questions for future research.
Building on the success of the first edition, this thoroughly revised and expanded edition explores: (1) areas of general agreement from previous research; (2) areas of conflicting results and unexplored questions; (3) the relative roles of theory, data availability, and empirical analysis in explaining gaps in our knowledge; and (4) what must be done to improve our knowledge and extend the literature. Selected original chapters addressing especially challenging topics include: the value of risk management to nonprofit decision-making; nonprofit wages theory and evidence; the valuation of volunteer labor; property tax exemption for non-profits; when is competition good for the third sector; product diversification and social enterprise; international perspectives; the application of experimental research; and the macroeconomic effects of the nonprofit sector.
This book is a valuable resource for academics, but the concerns of nonprofit sector managers and decision-makers are also addressed, making it a useful reference for practitioners as well.

TABLE OF CONTENTS

Foreword: toward a new economics by Lester M. Salamon

Introduction: the expanding frontiers of economics and nonprofit management research - revisited
Bruce A. Seaman and Dennis R. Young

1. Income diversity and nonprofit financial health
Cyril F. Chang, Howard P. Tuckman and Grace L. Chikoto-Schultz

2. Revenue Interactions: crowding out, crowding in, or neither?
Daniel Tinkelman and Daniel Gordon Neely

3. Public policies and private foundations: payout rates and the (dreaded) excise tax
Patrick Rooney, Richard Sansing and Jon Bergdoll

4. Capital structure
Marc Jegers

5. Asset composition
Woods Bowman, Thad Calabrese and Elizabeth Searing

6. Competition and collaboration: When are they good for the the nonprofit sector?
Teresa D. Harrison and Renée A. Irvin

7. Markets with competition between for-profit and nonprofit firms
Eleanor Brown and Alan Slivinski

8. Nonprofit wages: theory and evidence
Barry T. Hirsch, David A. Macpherson, and Anne E. Preston

9. Modeling nonprofit behavior
Patricia Hughes and William Luksetich

10. Static and dynamic pricing strategies: How unique for nonprofits?
Bruce A. Seaman

11. Nonprofits and the value of risk management
Martin F. Grace

12. Contracting out
Salvatore Alaimo

13. Product diversification and commercial ventures
Sharon M. Oster

14. Internal organization and governance
Ermanno C. Tortia and Vladislav Valentinov

15. Franchises and federations: the economics of multi-site nonprofit organizations
Dennis R. Young and Lewis Faulk

16. The valuation of volunteer labor
Neil Bania and Laura Leete

17. Assessing nonprofit performance
Joseph J. Cordes and Katherine Coventry

18. Social accounting for value creation in nonprofits
Laurie Mook and Femida Handy

19. State and federal tax policy toward nonprofit organizations:
James Alm and Daniel Teles

20. The property tax exemption for nonprofits
David L. Sjoquist and Rayna Stoycheva

21. Government funding policies
Stefan Toepler

22. The social economy: an international comparison
Jack Quarter and Laurie Mook

23. Nonprofit organizations and the macroeconomy
Richard Steinberg

Index