Public Discourse and Socially Responsible Market Behavior

• 成果类型: Article
• 署名作者: Bartling, Bjorn; Valero, Vanessa; Weber, Roberto A.; Yao, Lan
• 署名单位: University of Zurich; University of Leicester; Shanghai University of Finance & Economics; Shanghai University of Finance & Economics
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20201361
• 发表日期: 2024
• 页码: 3041-3074
• 关键词: communication; COORDINATION; NORMS; games; externalities; demand; morals

摘要

We investigate the causal impact of public discourse on socially 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. We provide evidence that discourse strengthens 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 sizable impacts on addressing inefficiencies due to market failures but that policies encouraging broad pubM14, Z13)