Fairness and efficiency in the competition between for-profit and nonprofit firms, Issue 132

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Institution for Social and Policy Studies, Yale University, 1988 - Business & Economics - 20 pages
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Many recent proposals seek to restrict the commercial activities of nonprofit firms. I examine some neglected fairness and efficiency aspects of these proposals. Specifically, I propound a new symmetry-type standard for the fairness of the competitive process per se, and note efficiency tradeoffs in a second best world.

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