It is argued that much decision-making in non-profit industries is inherently interdependent, and hence this should be modelled explicitly. (This has not been done in the literature to date.) The implications of using a simultaneous equations approach are illustrated in the context of the English provincial repertory market via the specification and estimation of a five equation model of theatre managers', grant donors', and consumers' choices. A joint product with these methodological results is detailed information about the subsidized provincial theatre market.
ASJC Scopus subject areas
- Industrial relations
- Aerospace Engineering
- Strategy and Management
- Industrial and Manufacturing Engineering