Non-profit firms in healthcare
3 important questions on Non-profit firms in healthcare
What is the common definition of not-for-profit?
non commercial (‘revealed’ goal of the firm: no profit-maximizing behaviour)
Why don't for profit hospitals work, based on market and government failures?
- Unwilling to invest in case of insufficient purchasing power of the population
- governments may not be willing to invest in sparsely populated areas because of:
- lack of voters
- limited public means
What is the property rights theory?
owners / stockholders want to maximize profits or shareholder value
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