The Social Responsibility of Business typically involves self-regulation, which entails spontaneous compliance with social norms or standards that are not imposed by hard law. In the debate on Corporate Social Responsibility, its voluntary basis has been stressed both in some official documents...

This work aims at filling a gap in the cognitive representation of institutions, starting from Aoki’s account of institutions as equilibria in a gametheoretical framework. We propose a formal model to explain what happens when different players hold different representations of the game they...