Regulation and opportunism: How much activism do we need?

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• dc.contributor.author Calveras, Aleixca
• dc.contributor.author Ganuza, Juan-Joséca
• dc.contributor.author Llobet, Gerardca
• dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
• dc.date.accessioned 2017-07-26T10:43:38Z
• dc.date.available 2017-07-26T10:43:38Z
• dc.date.issued 2005-09-01
• dc.date.modified 2017-07-23T02:10:19Z
• dc.description.abstract This paper analyzes the current trend towards firms self-regulation 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 of their purchase) by providing more socially responsible goods. However, because regulation is the outcome of a political process, an increase in activism might imply an inefficiently higher externality level. This may happen when a majority of non-activist consumers collectively free-ride on conscious consumers. By determining a softer than optimal regulation, they benefit from the behavior of firms, yet they have access to cheaper (although less efficient) goods.
• dc.format.mimetype application/pdfca
• dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=935
• dc.identifier.uri http://hdl.handle.net/10230/430
• dc.language.iso eng
• dc.relation.ispartofseries Economics and Business Working Papers Series; 935
• dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
• dc.subject.keyword activism
• dc.subject.keyword corporate social responsability
• dc.subject.keyword voting and regulation
• dc.subject.keyword Management and Organization Studies
• dc.subject.keyword Business Economics and Industrial Organization
• dc.subject.keyword Microeconomics
• dc.title Regulation and opportunism: How much activism do we need?ca
• dc.type info:eu-repo/semantics/workingPaper