Is socially responsible production a normal good?

This paper uses a controlled laboratory experiment to investigate the effect of wealth on individual social responsibility (ISR), defined as choosing a more socially responsible product if a cheaper alternative is available. We find that rich consumers are significantly less likely to engage in ISR than poor consumers. This suggests that socially responsible production conditions may not be normal product attributes.

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Year of publication:	2017
Authors:	Friedrichsen, Jana
Publisher:	Berlin : Deutsches Institut für Wirtschaftsforschung (DIW)
Subject:	social responsibility \| consumer behavior \| market experiment \| wealth effect

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Series:	DIW Discussion Papers ; 1644
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	880701854 [GVK] hdl:10419/155362 [Handle]
Classification:	M14 - Corporate Culture; Social Responsibility ; A13 - Relation of Economics to Social Values ; C91 - Laboratory, Individual Behavior ; D03 - Behavioral Economics; Underlying Principles
Source:	EconStor

Persistent link: https://www.econbiz.de/10011613148