We compare the structure and performance of for-profit (FP), nonprofit (NP) and local government (LG) organizations. These organizations differ in their ownership structure, objectives and agency relations. We conjecture that, compared to NP and LG, FP firms (a) delegate less decision-making...

What information do firms use when they design their organizational structure? How do they learn what direction they should take? Generally, firms may learn from their own experiences and outcomes, as well as those of other firms. In the economics literature, learning from these sources has been...