Please use this identifier to cite or link to this item:
https://hdl.handle.net/10356/70304
Title: | The pursuit of profit and socially responsible behavior in market exchange : an experimental analysis | Authors: | Gan, Jiawen Li, Wenxin Wang, Zhaoyu |
Keywords: | DRNTU::Social sciences | Issue Date: | 2017 | Abstract: | Enlightened by Bartling, Weber and Yao’s (2015) experimental study on market socially responsible behavior, this paper aims to studies the effect of varying production cost of “externality-free” product on socially responsible behaviors in market setting. We observe persistent positive levels of social responsibility showing in consumers’ and firms’ behaviors even when the production cost of externality-free product goes up. However, higher production cost of fair product drags down the level of social responsibility significantly. In other words, although consumers and firms’ concern about social welfare and their willingness of behaving in socially responsible manners usually emerges naturally, they also concern about their own profit, limiting or even discouraging their willingness of behaving ethically in certain circumstances. | URI: | http://hdl.handle.net/10356/70304 | Schools: | School of Humanities and Social Sciences | Rights: | Nanyang Technological University | Fulltext Permission: | restricted | Fulltext Availability: | With Fulltext |
Appears in Collections: | HSS Student Reports (FYP/IA/PA/PI) |
Files in This Item:
File | Description | Size | Format | |
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HE_2AY1617_27 FYP Report.pdf Restricted Access | 1.65 MB | Adobe PDF | View/Open |
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