Traditional market indicators (profits, stock prices, etc.) are absent in the nonprofit sector, and, given the shortcomings of variance analysis in analyzing nonprofit budgets, the potential for conflicts between the principal (providers of funds) and the agent (management) abound....

An effort is made to examine empirically the behavior of private nonprofit liberal arts colleges. The conventional wisdom that nonprofits arise to insure quality in a context of asymmetric information, and that behavior is driven by the need to insure implicit contract compliance is studied. A...

This paper challenges the conventional view that where there is a political elite, economic development will proceed along lines that sacrifice future generations for the benefit of the current ruling class. We find that shortfalls in the balance of payments will cause those in authority to...

This study examines the metronomic rise of Turkish Airlines into a global carrier in the period following domestic deregulation and part privatisation. Using a comparative assessment of the carrier's network and its competitive strategies during the 2003–2013/2014 period it was found that...

The labor market for engineers is analyzed by constructing and estimating separate demand and supply schedules. Both ordinary least squares and two-stage least squares are employed. Estimated cross-price elasticities of demand are used as a measure of the complementarity or substitutability of...

Private, not-for-profit, liberal arts colleges operate in a knotty market where consumers are both inputs and outputs and the total product is not directly observed. Our model explains interactions among price, quantity, reputation, and cost. The evidence suggests that these institutions alter...

This study determines traveler preferences and acceptability levels for a range of airline ancillary products and services by employing an on-line passenger survey to examine booking preferences as well as attitudes toward a selection of air and non-air travel components sold by the airlines....