Universität zu Köln

Harrs, Sören, Rockenbach, Bettina ORCID: 0000-0003-2624-1964 and Wenner, Lukas M. (2022). Revealing good deeds: disclosure of social responsibility in competitive markets. Experimental Economics, 25 (5). 1349 - 1374. DORDRECHT: Springer Science. ISSN 1573-6938

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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.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Harrs, Sören UNSPECIFIED UNSPECIFIED UNSPECIFIED Rockenbach, Bettina UNSPECIFIED orcid.org/0000-0003-2624-1964 UNSPECIFIED Wenner, Lukas M. UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-659866
DOI:	10.1007/s10683-022-09752-z
Journal or Publication Title:	Experimental Economics
Volume:	25
Number:	5
Page Range:	1349 - 1374
Date:	2022
Publisher:	Springer Science
Place of Publication:	DORDRECHT
ISSN:	1573-6938
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Center of Excellence C-SEB
Subjects:	Economics
Uncontrolled Keywords:	Keywords Language MORALS Multiple languages Economics Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/65986