When is social responsibility socially desirable?
Publication
, Journal Article
de Bettignies, JE; Robinson, DT
Published in: Journal of Labor Economics
October 1, 2018
We study a model in which corporate social responsibility arises in response to inefficient regulation. In our model, firms, governments, and workers interact. Firms create negative spillovers that can be attenuated through government regulation, which is set endogenously and may not be socially optimal. Companies can hire socially responsible employees who enjoy correcting spillovers. Because firms can capture rents created by allowing this, they sometimes find it optimal to lobby for inefficient rules and then encourage socially responsible behavior in their midst. Thus, social responsibility can either increase or decrease social welfare, depending on the costs of political capture.
Duke Scholars
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Published In
Journal of Labor Economics
DOI
ISSN
0734-306X
Publication Date
October 1, 2018
Volume
36
Issue
4
Start / End Page
1023 / 1072
Related Subject Headings
- Economics
- 3801 Applied economics
- 1402 Applied Economics
Citation
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ICMJE
MLA
NLM
de Bettignies, J. E., & Robinson, D. T. (2018). When is social responsibility socially desirable? Journal of Labor Economics, 36(4), 1023–1072. https://doi.org/10.1086/697476
Bettignies, J. E. de, and D. T. Robinson. “When is social responsibility socially desirable?” Journal of Labor Economics 36, no. 4 (October 1, 2018): 1023–72. https://doi.org/10.1086/697476.
de Bettignies JE, Robinson DT. When is social responsibility socially desirable? Journal of Labor Economics. 2018 Oct 1;36(4):1023–72.
de Bettignies, J. E., and D. T. Robinson. “When is social responsibility socially desirable?” Journal of Labor Economics, vol. 36, no. 4, Oct. 2018, pp. 1023–72. Scopus, doi:10.1086/697476.
de Bettignies JE, Robinson DT. When is social responsibility socially desirable? Journal of Labor Economics. 2018 Oct 1;36(4):1023–1072.
Published In
Journal of Labor Economics
DOI
ISSN
0734-306X
Publication Date
October 1, 2018
Volume
36
Issue
4
Start / End Page
1023 / 1072
Related Subject Headings
- Economics
- 3801 Applied economics
- 1402 Applied Economics