The pursuit of profit and socially responsible behavior in market exchange : an experimental analysis
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 soc...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2017
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/70304 |
| _version_ | 1811680919370596352 |
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| author | Gan, Jiawen Li, Wenxin Wang, Zhaoyu |
| author2 | School of Humanities and Social Sciences |
| author_facet | School of Humanities and Social Sciences Gan, Jiawen Li, Wenxin Wang, Zhaoyu |
| author_sort | Gan, Jiawen |
| collection | NTU |
| description | 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. |
| first_indexed | 2024-10-01T03:32:42Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/70304 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:32:42Z |
| publishDate | 2017 |
| record_format | dspace |
| spelling | ntu-10356/703042019-12-10T12:56:57Z The pursuit of profit and socially responsible behavior in market exchange : an experimental analysis Gan, Jiawen Li, Wenxin Wang, Zhaoyu School of Humanities and Social Sciences Yohanes Eko Riyanto DRNTU::Social sciences 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. Bachelor of Arts 2017-04-19T02:56:00Z 2017-04-19T02:56:00Z 2017 Final Year Project (FYP) http://hdl.handle.net/10356/70304 en Nanyang Technological University 64 p. application/pdf |
| spellingShingle | DRNTU::Social sciences Gan, Jiawen Li, Wenxin Wang, Zhaoyu The pursuit of profit and socially responsible behavior in market exchange : an experimental analysis |
| title | The pursuit of profit and socially responsible behavior in market exchange : an experimental analysis |
| title_full | The pursuit of profit and socially responsible behavior in market exchange : an experimental analysis |
| title_fullStr | The pursuit of profit and socially responsible behavior in market exchange : an experimental analysis |
| title_full_unstemmed | The pursuit of profit and socially responsible behavior in market exchange : an experimental analysis |
| title_short | The pursuit of profit and socially responsible behavior in market exchange : an experimental analysis |
| title_sort | pursuit of profit and socially responsible behavior in market exchange an experimental analysis |
| topic | DRNTU::Social sciences |
| url | http://hdl.handle.net/10356/70304 |
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