Arbeitspapier

Public discourse and socially responsible market behavior

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We investigate the causal impact of public discourse on socially responsible market behavior. We conduct laboratory market experiments with products that differ in their production costs and social impact, and provide market actors and impacted third parties with the opportunity to discuss appropriate market behavior. Across two studies that vary characteristics of the discourse, the external impact and the participants, we find that public discourse substantially increases market social responsibility. Our findings suggest that discussions and campaigns focusing on appropriate market behavior can be powerful tools for shaping responsible norms governing market conduct and addressing inefficiencies due to market failures.

Language
Englisch

Bibliographic citation
Series: Working Paper ; No. 359

Classification
Wirtschaft
Design of Experiments: Laboratory, Group Behavior
Externalities
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Corporate Culture; Diversity; Social Responsibility
Subject
public discourse
market failure
externalities
social responsibility
social norms
experiment
communication

Event
Geistige Schöpfung
(who)
Bartling, Björn
Valero, Vanessa
Weber, Roberto A.
Yao, Lan
Event
Veröffentlichung
(who)
University of Zurich, Department of Economics
(where)
Zurich
(when)
2020

DOI
doi:10.5167/uzh-189277
Handle
Last update
10.03.2025, 11:43 AM CET

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Object type

  • Arbeitspapier

Associated

  • Bartling, Björn
  • Valero, Vanessa
  • Weber, Roberto A.
  • Yao, Lan
  • University of Zurich, Department of Economics

Time of origin

  • 2020

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