Responding to failure: the promise of market mending for social enterprise
研究社会企业如何应对市场失灵，提出市场重新分配和市场修复两种策略，解决社会企业使用市场手段却要解决市场问题的矛盾，对战略、公共政策和研究有启示。
As more non-profits embrace social enterprise, it is important to examine the role social enterprise plays in society. Market failure is the prevailing economic theory explaining non-profits’ existence, and applies to social enterprise. However, market failure theory presents a contradiction: how can social enterprise activities address market failures if they use the market-based strategies that led to that failure? We resolve this contradiction by identifying two responses to market failure: market reallocation and market mending. We examine how these responses align with social enterprise and non-profit conceptions. We discuss implications for strategy, public policy, and research.