出版社：Suntory Toyota International Centres for Economics and Related Disciplines
摘要：When social benefits cannot be measured, a hybrid organization which se-lects managers based on motivation can be used to balance profits with a socialpurpose. This paper develops a model of social enterprise based on selectionof citizen-managers with this goal in mind. It develops the implications ofmatching between founders and managers based on their preferences for themission. The main trade-o.s suggested by the theory are tested experimen-tally and these are used to calibrate a matching outcome. This makes precisethe parameter range in which social enterprises based on selection will be ob-served in a market setting; we show that they achieve gains in e. ciency ofaround 10% over non-profit enterprise.
