, only third-party certification clearly produces efficiency gains, by increasing CSR investments. In markets where … paying more for the same level of CSR investments by firms. …

The promotion of Corporate Social Responsibility (CSR) is likely to depend on consumers' purchase behaviors. While many … marginal utility of income (a high income) are likely to purchase CSR products. Moreover, purchase decisions crucially depend … on the existence of labels, which truthfully identify the CSR products. Public policies may promote consumer social …