Ecological citizens are increasingly encouraged to adopt ‘precautionary consumption' – a set of practices aimed at shielding them from the potential health harms of exposures to everyday toxics. The utility and the effects of precautionary consumption in relation to common chemical exposures...

This paper analyzes the interplay between firms' self-regulation (often denoted as corporate social responsibility) as opposed to the formal regulation of a negative externality. Firms respond to increasing activism in the market (conscious consumers that take into account the external effects...

Die gesellschaftlichen Ansprüche an Unternehmen sind in den vergangenen Jahren enorm gestiegen. Ein Fehlverhalten von Unternehmen wird dementsprechend zunehmend kritisch betrachtet und konsequent geahndet. Frederik Meyer entwickelt zur Erklärung dieses Phänomens ein theoretisches Modell mit...

Many consumers care about climate change and other externalities associated with their purchases. We analyze the behavior and market effects of such "socially responsible consumers" in three parts. First, we develop a flexible theoretical framework to study competitive equilibria with rational...