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 ContentsOrganizational Alternatives
Part I: Institutional Setting
Chapter 1. Managerial Economics in Public and Nonprofit Administration: An Overview
Chapter 2. Characteristics of the Government and Private Nonprofit Sectors
Part II: Consumer Theory and Public Goods
Chapter 3. Demand and Supply
Chapter 4. Estimating Client Choice
Chapter 5. Market Failure and Public Choice
Part III: Production Theory and Public Administration
Chapter 6. Production and Costs
Chapter 7. Market Structure in Government and Nonprofit Industries
Chapter 8. Selecting the Right Niche and Setting Client Fees
Chapter 9. Strategic Goals: If Not Profit, What?
Part IV: Input Markets and Cost-Benefit Analysis
Chapter 10. Employing Labor and Capital
Chapter 11. Cost-Benefit Analysis
Index
