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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Public discourse and socially responsible market behavior
Organization Unit
Authors
  • Björn Bartling
  • Vanessa Valero
  • Roberto A. Weber
  • Lan Yao
Language
  • English
Institution University of Zurich
Series Name Working paper series / Department of Economics
Number 359
ISSN 1664-705X
Number of Pages 42
Date 2023
Abstract Text We investigate the causal impact of public discourse on socially responsible market behavior. Across three laboratory experiments, having market participants engage in public discourse generally increases market social responsibility. These positive impacts are robust to variation in several characteristics of the discourse and appear to be partly driven by strengthening beliefs that others support socially responsible exchange. However, relaxing requirements to engage in discourse sharply reduces its effectiveness. Our findings suggest that campaigns encouraging discussion of appropriate market behavior can have powerful impacts on addressing inefficiencies due to market failures, but that policies encouraging broad public engagement may be important.
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Keywords Public discourse, market failure, externalities, social responsibility, experiment, communication
Additional Information Revised version ; Auch erschienen als SSRN Working Paper No. 3677968