Purpose – The object of this paper is to demonstrate that the promotion of altruistic behavior can in fact be regarded as an instrument of public policy. Design/methodology/approach – This objective is achieved by adapting the standard theory of consumer behavior in microeconomics to the...

Purpose – Perfect competition (PC), despite its abstract nature, is central to the literature on shadow prices and remains an important benchmark in economic policy analysis. Adding sustainability to the conditions of PC, results in a meaningful benchmark, especially in the context of pursuing...

Purpose – The object of this paper is to demonstrate that the promotion of altruistic behavior can in fact be regarded as an instrument of public policy. Design/methodology/approach – This objective is achieved by adapting the standard theory of consumer behavior in microeconomics to the...

Purpose – Perfect competition (PC), despite its abstract nature, is central to the literature on shadow prices and remains an important benchmark in economic policy analysis. Adding sustainability to the conditions of PC, results in a meaningful benchmark, especially in the context of pursuing...