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Compliance with a social norm is a matter of self-enforceability and endogenous motivation to conform which is relevant not just to social norms but also to a wide array of institutions. Here we consider endogenous mechanisms that become effective once the game description has been enriched with...
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In the last few years, self-interest and opportunism have become the target for criticism from behavioural economics theorists who urge the introduction of a more complex - and hopefully a more realistic - view of economic agents' motivations. A number of models of choice have devised based on...
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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...
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