1 An Overview of the Theory: Hierarchies, Social Contract and Reputation -- 2 Economic Theory and the Social Contract of the Firm -- 3 Games of Reputation and Compliance with the Social Contract -- 4 How Far Does Reputation Extend? Abuse of Authority and Corporate Culture -- 5 Information,...

This paper first sets a definition of corporate social responsibility (CSR) as an extended model of corporate governance and then accounts for a voluntary approach to CSR, meant as voluntary compliance with CSR strategic management standards, in terms of an economic theory of self-regulation...

The most evident shortcoming of the international agreements on climate actions is the compliance to their prescriptions. Can John Rawls’s social contract theory help us to solve the problem? We apply the veil of ignorance decision-making setting in a sequential dictator game to study the...

New institutional economics (NIE) studies institutions and how they emerge, operate, and evolve. They also include organizational arrangements, intended as modes of governing economic transactions. Universities offer an exciting ground for testing the role of different institutional arrangements...

This paper focuses on the role that social norms play in the selection of equilibrium points seen as social conventions under unforeseen contingencies - that is, their role in the emergence of regularities of behavior which are self-enforcing and effectively adhered to by bounded rational agents...

We investigate the link between individual motivations and economic organisations by focusing on the case of non-profit firms. First, we provide a model of individual behaviour that allows for agents to have motivations different from self-interested ones. We assume that individuals desire to...

Shared social responsibility will shortly become a new basic concept for understanding social cohesion in Europe and also for the modeling of governance structures and management of social cohesion policies involving the public sector, the private profit and non profit sectors , and also the...

The paper studies the relationship between social capital (SC) and Corporate Social Responsibility (CSR) by investigating the idea of a virtuous circle between the level of SC and the implementation of CSR standard of behaviour that favours the creation of cooperative networks between the firm...

This is the third part of a comprehensive essay on the Rawlsian view of corporate social responsibility (CSR) seen a multi-stakeholder fiduciary model of corporate governance (see part I). A game theoretical model of the interplay between the owner (who controls the firm) and all the remaining...

This is the first part of a comprehensive essay on the Rawlsian view of corporate social responsibility (in short CSR). CSR is defined as a multi-stakeholder model of corporate governance and objective function based on the extension of fiduciary duties toward all the firm’s stakeholders. A...