Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/309890 
Year of Publication: 
2022
Citation: 
[Journal:] Experimental Economics [ISSN:] 1573-6938 [Volume:] 25 [Issue:] 5 [Publisher:] Springer US [Place:] New York, NY [Year:] 2022 [Pages:] 1349-1373
Publisher: 
Springer US, New York, NY
Abstract: 
We experimentally study competitive markets with socially responsible production. Our main focus is on the producers' decision whether or not to reveal the degree of social responsibility of their product. Compared to two benchmark cases where either full transparency is enforced or no disclosure is possible, we show that voluntary and costless disclosure comes close to the full transparency benchmark. However, when the informational content of disclosure is imperfect, social responsibility in the market is significantly lower than under full transparency. Our results highlight an important role for transparent and standardized information about social externalities.
Subjects: 
Social responsibility
Market experiments
Disclosure
Consumer behavior
JEL: 
C92
D90
D62
M14
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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