What are PILOTs and why might a nonprofit be willing to participate in a PILOT? Explain the common problems associated with majority-rule voting (i.e. direct democracy). What is the principal-agent problem and why to scholars believe that it is more pronounced with a government bureaucracy than with a private firm

Microeconomics A Contemporary Intro
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ISBN:9781285635101
Author:MCEACHERN
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Chapter16: Public Goods And Public Choice
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What are PILOTs and why might a nonprofit be willing to participate in a PILOT? Explain the common problems associated with majority-rule voting (i.e. direct democracy). What is the principal-agent problem and why to scholars believe that it is more pronounced with a government bureaucracy than with a private firm?

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