1,721,144 research outputs found
Community Embeddedness, Consumer Voice, Corporate Social Responsibility
No full textI model how community embeddedness and consumer voice can incentivize firms to be more ethical and socially responsible. Building on x-efficiency theory, I also make the case that being more ethical and socially responsible does not imply higher average costs and lower profits as assumed by conventional economic theory. Moreover, being more ethical or socially responsible need not improve profits or reduce average costs. There is no theoretical reason for self-interested firm decision-makers to be more ethical or socially responsible. Therefore, firms that are embedded in their community and where consumers have effective voice should be more ethical and socially responsible. In this environment, such behaviour makes the firm more competitive. Fear of government intervention is another reason for changes in firm behaviour
Behavioural labour economics
No full textThis chapter presents complementary methodologies to contemporary economic theory which focuses on price and income as determinants of labour supply. An alternative model is presented based on the realistic assumption that labour supply is affected by target income and, relatedly, to target non-market time (child care, other family responsibilities), as well as the utility that individuals gain from market work unlike in conventional economics where leisure is a superior good. Attention is also paid to information asymmetries, limited information processing capabilities as well and job search constraints and social norms as core determinants of labour supply. These have significant implications for analysis and policy
Introduction
No full textThe life and times of John Tomer is discussed with a particular focus on his organizational contributions and his pluralistic methodological approach to economic analysis. The chapters of this book are also summarized and mentioned is made of John’s close colleagues who are unable to contribute to this volume. The Appendix to this chapter contains selected photos of John and colleagues and John’s curriculum vitae
Behavioural theories of the firm with a focus on x-efficiency and effort discretion:Implications for analysis
No full textA behavioural model of the firm is presented in this chapter that is derived from and extends both x-efficiency and efficiency wage theory. In this model, which is referred to as the x-efficiency plus model, a key differentiating assumption from conventional economics models is that effort is variable in the production function and that technical change can be induced by changing cost variables inside of the firm. This approach helps identify key factors that contribute to increasing or decreasing the extent of firm x-efficiency and induced technological change, including fairness in firm organisation and the quality and quantity of quality management
Modeling Multi-Stakeholders Co-operatives:A Framework for Sustainable and Socially Responsible Co-operatives
No full textModeling Multi-Stakeholders Co-operatives:A Framework for Sustainable and Socially Responsible Co-operatives
No full textObesity, Wellbeing, Freedom of Choice, and Institutional Change
No full textBuilding on Tomer’s insights on the determinants of unhealthy eating and obesity, we extend the important price-based model of “rational” consumer choice with healthy living determinants such as food and exercise. We argue that variables such as the quality of information, information literacy, access to healthy foods, and safe and affordable space for exercise, the quality of exercise provision are key determinants of healthy living and, therefore, of the extent to which individuals are obese or overweight. Empirically, critical to reducing the extent of obesity to reducing consumption and/or adequate physical activity. We argue, contrary to Tomer, that as opposed to nudging consumers into behaving in particular a fashion to reduce obesity, it is best to improve individuals’ decision-making environments and capabilities
Bounded rationality, imperfect and costly information and sub-optimal outcomes in the sports and health and fitness industries
No full textWe exemplify behavioural economics methodological approaches to decision-making and policy using the example of the health and fitness industry, choices made that affect the level of obesity, and athletes’, trainers’ and coaches’ choices with regard to realising targeted levels of performance. We go beyond a discourse on price and income and beyond a focus on systemic cognitive-based errors in decision-making. It is critically important to take into consideration individuals’ decision-making capabilities and the decision-making environment, which has critical social and institutional determinants, to better understand why sub-optimal choices are made by rational agents and the conditions under which better choices can be achieved
- …
