The Vote with the Wallet Game: Responsible Consumerism as a Multiplayer Prisoner’s Dilemma
<jats:p>Socially responsible consumers and investors are increasingly using their consumption and saving choices as a ‘vote with the wallet’ to award companies that are at vanguard in reconciling the creation of economic value with social and environmental sustainability. In our paper, we mode...
| Үндсэн зохиолчид: | , |
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| Формат: | Journal article |
| Хэл сонгох: | English |
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MDPI
2019
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| _version_ | 1826272259696754688 |
|---|---|
| author | Becchetti, L Salustri, F |
| author_facet | Becchetti, L Salustri, F |
| author_sort | Becchetti, L |
| collection | OXFORD |
| description | <jats:p>Socially responsible consumers and investors are increasingly using their consumption and saving choices as a ‘vote with the wallet’ to award companies that are at vanguard in reconciling the creation of economic value with social and environmental sustainability. In our paper, we model the vote with the wallet as a multiplayer prisoner’s dilemma, outline equilibria and possible solutions to the related coordination failure problem in evolutionary games, apply our analysis to domains in which the vote with the wallet is empirically more relevant, and provide policy suggestions.</jats:p> |
| first_indexed | 2024-03-06T22:09:44Z |
| format | Journal article |
| id | oxford-uuid:5165df4d-a51f-4963-947a-75e8121a3e9e |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T22:09:44Z |
| publishDate | 2019 |
| publisher | MDPI |
| record_format | dspace |
| spelling | oxford-uuid:5165df4d-a51f-4963-947a-75e8121a3e9e2022-03-26T16:19:17ZThe Vote with the Wallet Game: Responsible Consumerism as a Multiplayer Prisoner’s DilemmaJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:5165df4d-a51f-4963-947a-75e8121a3e9eEnglishSymplectic Elements at OxfordMDPI2019Becchetti, LSalustri, F<jats:p>Socially responsible consumers and investors are increasingly using their consumption and saving choices as a ‘vote with the wallet’ to award companies that are at vanguard in reconciling the creation of economic value with social and environmental sustainability. In our paper, we model the vote with the wallet as a multiplayer prisoner’s dilemma, outline equilibria and possible solutions to the related coordination failure problem in evolutionary games, apply our analysis to domains in which the vote with the wallet is empirically more relevant, and provide policy suggestions.</jats:p> |
| spellingShingle | Becchetti, L Salustri, F The Vote with the Wallet Game: Responsible Consumerism as a Multiplayer Prisoner’s Dilemma |
| title | The Vote with the Wallet Game: Responsible Consumerism as a Multiplayer Prisoner’s Dilemma |
| title_full | The Vote with the Wallet Game: Responsible Consumerism as a Multiplayer Prisoner’s Dilemma |
| title_fullStr | The Vote with the Wallet Game: Responsible Consumerism as a Multiplayer Prisoner’s Dilemma |
| title_full_unstemmed | The Vote with the Wallet Game: Responsible Consumerism as a Multiplayer Prisoner’s Dilemma |
| title_short | The Vote with the Wallet Game: Responsible Consumerism as a Multiplayer Prisoner’s Dilemma |
| title_sort | vote with the wallet game responsible consumerism as a multiplayer prisoner s dilemma |
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