{"title":"Strategic Environmental Corporate Social Responsibility (ECSR) Certification and Endogenous Market Structure","authors":"Ajay Sharma, Siddhartha K. Rastogi","doi":"10.1515/bejte-2022-0139","DOIUrl":null,"url":null,"abstract":"Abstract This paper extends the findings of Liu, Wang, and Lee (2015. “Strategic Environmental Corporate Social Responsibility in a Differentiated Duopoly Market.” Economics Letters 129: 108–11), along two dimensions. First, we consider the case of endogenous market structure a la Singh and Vives (1984. “Price and Quantity Competition in a Differentiated Duopoly.” The RAND Journal of Economics: 546–54). Second, we refine the ECSR certification standards in differentiated duopoly with analysis of both uniform and discriminating standards. We find that NGO certifier will set the ECSR standards below the optimal level. We show that given the ECSR certification standards, there is a possibility of both price and quantity contracts choices by the firms in endogenous market structure. Additionally, we highlight the market structures emerging due to uniform and discriminating ECSR standards.","PeriodicalId":44773,"journal":{"name":"B E Journal of Theoretical Economics","volume":" ","pages":""},"PeriodicalIF":0.3000,"publicationDate":"2023-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"B E Journal of Theoretical Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1515/bejte-2022-0139","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Abstract This paper extends the findings of Liu, Wang, and Lee (2015. “Strategic Environmental Corporate Social Responsibility in a Differentiated Duopoly Market.” Economics Letters 129: 108–11), along two dimensions. First, we consider the case of endogenous market structure a la Singh and Vives (1984. “Price and Quantity Competition in a Differentiated Duopoly.” The RAND Journal of Economics: 546–54). Second, we refine the ECSR certification standards in differentiated duopoly with analysis of both uniform and discriminating standards. We find that NGO certifier will set the ECSR standards below the optimal level. We show that given the ECSR certification standards, there is a possibility of both price and quantity contracts choices by the firms in endogenous market structure. Additionally, we highlight the market structures emerging due to uniform and discriminating ECSR standards.
本文扩展了Liu, Wang, and Lee(2015)的研究结果。“差异化双寡头市场中的战略性环境企业社会责任”。经济学快报129:108-11)，沿着两个维度。首先，我们考虑内生市场结构的案例(Singh和Vives, 1984)。差异化双头垄断中的价格与数量竞争兰德经济杂志:546-54)。其次，通过对统一标准和区别标准的分析，细化了差异化双寡头环境下的ECSR认证标准。我们发现，NGO认证机构会将ECSR标准设定在最优水平以下。研究表明，在给定ECSR认证标准的情况下，企业内生市场结构中存在价格合同选择和数量合同选择的可能性。此外，我们强调了由于统一和歧视性的ECSR标准而出现的市场结构。
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