Description
Book SynopsisNonprofit firms and public institutions are both like and unlike private for-profit firms; this book concentrates on using economic analysis to understand the ways in which NFP enterprises make decisions about which goods and services to provide, how they allocate resources to provide them, and how they decide to whom they should be made available.
Trade Review“I think this book begins to fill a serious gap in the market. Many students are turned off by economics because they don't see its applicability for their jobs. This book makes economics relevant to the NFP manager."
Robert T. Greenbaum, Ohio State University
“This book does a fine job meeting the needs of Public Administration students.”
John Graham, Rutgers University
“The Keatings’ approach of using cost-benefit analysis as a capstone is for the best, since it gets students to use what they have learned about markets and the information contained in market prices, and what they have learned about market failure, in a unified application.”
Michael Rushton, Indiana University
“The exercises are a lot more useful for public management students than the ones in standard economics textbooks. They are the kind I end up writing for myself.”
John McPeak, Syracuse University
Table of ContentsList of Figures.
List of Tables.
Preface.
Acknowledgments.
Organizational Alternatives.
Part I: Institutional Setting:.
1. Managerial Economics in Public and Nonprofit Administration: An.
Overview.
2. Characteristics of the Government and Private Nonprofit Sectors.
Part II: Consumer Theory and Public Goods:.
3. Demand and Supply.
4. Estimating Client Choice.
5. Market Failure and Public Choice.
Part III: Production Theory and Public Administration:.
6. Production and Costs.
7. Market Structure in Government and Nonprofit Industries.
8. Selecting the Right Niche and Setting Client Fees.
9. Strategic Goals: If Not Profit, What?.
Part IV: Input Markets and Cost--Benefit Analysis:.
10. Employing Labor and Capital.
11. Cost--Benefit Analysis.
Index
