caa a22 4500 475840739 CHVBK 20180406123900.0 cr unu---uuuuu 170329e20000701xx s 000 0 eng 10.1023/A:1005036514854 doi (NATIONALLICENCE)springer-10.1023/A:1005036514854 Bises Bruno Faculty of Law, Centre for the Economics of Institutions, University 's'sRoma 3'', Rome, Italy aut Exemption or Taxation for Profits of Non-Profits? An Answer from a Model Incorporating Managerial Discretion [Elektronische Daten] [Bruno Bises] Many non-profit organizations engage in bothcharitable and purely commercial activities, whereprofits from the latter are used to finance theformer. Should business income be tax-exempted becauseof its cross-subsidization function? The effects ofexemption on the product mix are analysed, using amodel incorporating managerial discretion - acrucially different assumption from that of thecurrent literature. Under given assumptions,tax-exemption of commercial income emerges as a lessefficient means of supporting the charitable productthan alternative Government measures, such as anoutput subsidy. Kluwer Academic Publishers, 2000 Public Choice Kluwer Academic Publishers 104/1-2(2000-07-01), 19-39 0048-5829 104:1-2<19 2000 104 11127 https://doi.org/10.1023/A:1005036514854 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1023/A:1005036514854 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Bises Bruno Faculty of Law, Centre for the Economics of Institutions, University 's'sRoma 3'', Rome, Italy aut NATIONALLICENCE 773 0- Public Choice Kluwer Academic Publishers 104/1-2(2000-07-01), 19-39 0048-5829 104:1-2<19 2000 104 11127 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer