全球智库信息集成服务系统(G2TT): DP16881 Sustainability Agreements and Social Norms

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP16881
	DP16881 Sustainability Agreements and Social Norms
	Roman Inderst; Felix Rhiel; Stefan Thomas
发表日期	2022-01-11
出版年	2022
语种	英语
摘要	Spurred by recent publications of NACs, there is an ongoing debate on whether and, if so, how competition law and its enforcement shall give due consideration to concerns of sustainability, notably (though not exclusively) environmental sustainability. With respect to horizontal agreements, we define circumstances where sustainability concerns may indeed warrant a somewhat modified approach for the assessment of consumer welfare implications of a market related measure. We posit that the willingness-to-pay (WTP) for more sustainable products may depend on social norms to a greater extent than the WTP for products, whose valuation is based mainly or even exclusively on their immediate use value for the consumer. What makes the integration of social norms in WTP challenging, however, is the fact that a sustainability agreement can impact this social norm in that it pushes the market towards more sustainable products, which, in turn, may then change the observable behavior of other consumers. Such repercussions may increase individual WTP for sustainable products in the entire consumer cohort. Absent the sustainability agreement, market segmentation or capacity and resource constraints could hamper the emergence of such a new social norm. Also, with such norm-based externalities, there is a first-mover disadvantage, which deserves recognition in the assessment of sustainability agreements.
主题	Industrial Organization
关键词	Horizontal agreements Sustainability Willingness-to-pay Conjoint analysis
URL	https://cepr.org/publications/dp16881
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/545809
推荐引用方式 GB/T 7714	Roman Inderst,Felix Rhiel,Stefan Thomas. DP16881 Sustainability Agreements and Social Norms. 2022.