Are Corporate Social Responsibility and Voluntary Agreements Complementary?
Type de matériel :
71
Voluntary agreements between regulators and firms have been in use for at least two decades. In recent years, however,firms have tended to commit to better environmental or social behavior in a more unilateral fashion. This phenomenon is known as the rise of “Corporate Social Responsibility” (CSR). In such circumstances, are voluntary agreements still welfare-enhancing? To explore this question, we use a policy game involving a regulator and a firm. We show that the answer is ambiguous. In particular, it depends on the regulator’s bargaining power.
Réseaux sociaux