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Community pressure for green behavior
journal contribution
posted on 2023-06-08, 15:40 authored by Anthony Heyes, Sandeep KapurThe desire to avoid rousing community hostility may encourage firms to behave in an environmentally responsible manner. Firms may engage in corporate social responsibility (CSR) to maintain community support and/or to regain the support of a community where it has been lost. It has been conjectured that such ‘informal regulation’ could effectively replace formal intervention in some settings, and usefully complement it in others. We explore these conjectures with mixed results. Informal regulation is necessarily less efficient than a well-designed formal alternative and the pattern of green behavior induced by the threat of community hostility may increase or decrease welfare. The existence of community pressure may increase or decrease the optimal calibration of a formal intervention (in this case an environmental tax) and may complement or detract from the incentives generated by an optimally calibrated tax.
History
Publication status
- Published
Journal
Journal of Environmental Economics and ManagementISSN
00950696Publisher
ElsevierExternal DOI
Issue
3Volume
64Page range
427-441Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2013-09-11Usage metrics
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