Bartling, Björn; Weber, Roberto A.; Yao, Lan - Institut für Volkswirtschaftslehre, … - 2013
This paper studies socially responsible behavior in markets. We develop a laboratory product market in which low … seller competition and limited consumer information, and it responds to costs and prices in a manner consistent with a model …-cost production that creates negative externalities is significantly more prevalent in markets in China. Across both studies …