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We model firms as competing for socially responsible consumers by linking the provision of a public good (environmentally friendly or socially responsible activities) to sales of their private goods. In many cases, too little of the public good is provided but under certain conditions,...
Persistent link: https://www.econbiz.de/10014112571
Individuals with a preference for keeping moral obligations may dislike learning that voluntary contributions are socially valuable: Such information can trigger unpleasant feelings of cognitive dissonance. I show that if initial beliefs about the social value of contributions are sufficiently...
Persistent link: https://www.econbiz.de/10003751905
In the present paper, we adopt the collective approach to consumer behavior - which supposes that each household member is characterized by his/her own preferences and that the decision process results in Pareto-efficient outcomes - and assume in addition, that agents are egoistic and...
Persistent link: https://www.econbiz.de/10014073416
This paper reviews the literature on reference pricing (RP) in pharmaceutical markets. The RP strategy for cost containment of expenditure on drugs is analyzed as part of the procurement mechanism. We review the existing literature and the state-of-the-art regarding RP by focusing on its...
Persistent link: https://www.econbiz.de/10014196006
Regulators around the world are attempting to reconcile the changing demands of 21st century economies with the insights two schools of thought, New Governance and Behavioural Economics, are offering. The common emerging theme, expressed by the UK and American administrations as well as in other...
Persistent link: https://www.econbiz.de/10013100868
Persistent link: https://www.econbiz.de/10000572882
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to explain this phenomenon. One theory claims that individuals hold different preferences in their consumer role than in … accepted theory assumes that individuals' most favored preference is to free ride whenever possible. Thus, a Prisoner's Dilemma … and other explanations, as well as their normative implications, and proposes an alternative theory. It rejects the claim …
Persistent link: https://www.econbiz.de/10014219707
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral regularity. Yet, the number of conditional cooperators and the extent of conditional cooperation are much higher in the U.S.A. than anywhere else. -- conditional cooperation ; public...
Persistent link: https://www.econbiz.de/10009729297
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