Research by Not-for-Profit Enterprises

The Journal of Technology Transfer, vol. 29, no. 2, pp. 211-216

Posted: 6 Apr 2016

See all articles by Rajeev K. Goel

Rajeev K. Goel

Illinois State University - Department of Economics

Date Written: 2004

Abstract

This paper focuses on the research behavior of nonprofit firms. In particular, we model process innovation and compare equilibrium research spending under alternate objectives to outcomes under profit-maximization. Do profit-maximizing organizations spend more on research than nonprofit firms? We find that the nonprofit research spending exceeds the profit-maximizing levels. The ranking between nonprofit firms and the social optima, however, is less clear. Policy implications are discussed.

Suggested Citation

Goel, Rajeev K., Research by Not-for-Profit Enterprises (2004). The Journal of Technology Transfer, vol. 29, no. 2, pp. 211-216. Available at SSRN: https://ssrn.com/abstract=2758969

Rajeev K. Goel (Contact Author)

Illinois State University - Department of Economics ( email )

Normal, IL 61790-4200
United States

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