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environmental externalities such as pollution. We argue that consumer contracts generate externalities by overwhelming consumers …
Persistent link: https://www.econbiz.de/10013307217
emergence of the cleanliness norm in the 19th century. -- social norms ; status seeking ; externalities ; consumer needs …
Persistent link: https://www.econbiz.de/10003875550
Pigouvian taxes are often used to limit environmental externalities such as pollution. We argue that consumer contracts generate … externalities by overwhelming consumers’ attention. Depleting each consumer’s attention harms consumers collectively because lower …
Persistent link: https://www.econbiz.de/10013307216
We investigate the causal impact of public discourse on socially responsible market behavior. We conduct laboratory market experiments with products that differ in their production costs and social impact, and provide market actors and impacted third parties with the opportunity to discuss...
Persistent link: https://www.econbiz.de/10012263682
We investigate the causal impact of public discourse on socially responsible market behavior. We conduct laboratory market experiments with products that differ in their production costs and social impact, and provide market actors and impacted third parties with the opportunity to discuss...
Persistent link: https://www.econbiz.de/10012271770
That institutions matter is widely accepted among economists and so are social norms as an important category of informal institutions. Social norms matter in many economic situations, but in particular for markets. The economic literature has studied the interrelation between markets and social...
Persistent link: https://www.econbiz.de/10010350951
That institutions matter is widely accepted among economists and so are social norms as an important category of informal institutions. Social norms matter in many economic situations, but in particular for markets. The economic literature has studied the interrelation between markets and social...
Persistent link: https://www.econbiz.de/10010488545
This paper considers and assesses the concept of social externalities through humaninterdependence, in relation to the … economic analysis of externalities in the tradition of Pigou andArrow, including the analysis of the commons. It argues that … list of possible internalizing mechanisms for externalities underthis broader framework, which includes: pricing and …
Persistent link: https://www.econbiz.de/10013211226
Solar geoengineering has received increasing attention as an option to temporarily stabilize global temperatures. A key concern surrounding these technologies is that heterogeneous preferences over the optimal amount of cooling combined with low deployment costs may allow the country with the...
Persistent link: https://www.econbiz.de/10011884418
Ronald Coase pioneered the transaction cost approach to the modern analysis of institutions, contracts, and property rights. We argue that core theory enhances Coase’s transaction cost approach by injecting considerations of coalition formation and stability into the analysis. Analysis of...
Persistent link: https://www.econbiz.de/10014255126