This paper considers the effect of status or relative income on work effort combining experimental evidence from a gift-exchange game with ISSP survey data. We find a consistent negative effect of others' incomes on individual effort in both datasets. The individual's rank in the income...

Awards are widespread in all countries and are prevalent both in the public sphere and in the private sector. This paper argues, and empirically supports, that awards serve public functions and economists should take them seriously. Using a unique cross-country data set, we suggest that awards...

In their book Climate Change Justice, Eric Posner and David Weisbach advocate adoption of an economically optimal climate treaty coupled with foreign aid (to handle distributional issues with poor countries) and increased investment (to transfer funds to future generations harmed by climate...

Almost everyone can agree that the original connection of intellectual property to trade was for purely economically instrumental purposes but few would have predicted its other consequences, particularly the reshaped relationship of intellectual property’s innovation mandate to the production...

Industrial ecology (IE) intends to improve industrial processes in a way that the society benefits with as less damage of the environment as possible. As a concept it gives responses to environmental problems in the field of industry and technology and aims to enable management of human activity...

How does a board of directors decide what is right? The contest over this question is frequently framed as a debate between shareholder value and stakeholder rights, between a utilitarian view of the ethics of corporate governance and a deontological one. This paper uses a case study with...

This paper analyzes interactions within standard‐setting networks in the area of social and labor rights. We examine the shape of transnational business governance interactions (TBGI), pathways, and interaction mechanisms in three sectors: garments, toys and agriculture. Our comparative...

Sustainability has attracted increasing attention from business scholars as corporations have started to take more responsibility for their environmental, social, and development impacts. In this review, we focus on the latest sustainability-related research published in the international...

Currently, there are no adequate mechanisms under international law to balance the competing tensions climate change presents to state sovereignty. On one hand, climate change threatens state sovereignty because the catastrophic loss of life and property of millions of people would deprive...