Competitive markets, collective action, and the Big Box Retailer problem

I use a stylized scenario—the Big Box retailer Problem—to demonstrate that the presence of behavioural interdependence in economic markets may result in deficient outcomes that are both stable and supported by ongoing participant behaviour. I present a theoretical discussion of social dilemmas and u...

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Autor principal:	Brent D. Beal
Formato:	article
Lenguaje:	DE EN FR
Publicado:	Editura ASE Bucuresti 2012
Materias:	Corporate Social Responsibility Behavioural interdependence Economic markets Market failure Social dilemmas Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/f845383816f8430ebbd16ee3e0019cce
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spelling	oai:doaj.org-article:f845383816f8430ebbd16ee3e0019cce2021-12-02T02:06:01ZCompetitive markets, collective action, and the Big Box Retailer problem1843-22981844-8208https://doaj.org/article/f845383816f8430ebbd16ee3e0019cce2012-11-01T00:00:00Zhttp://www.jpe.ro/poze/articole/84.pdfhttps://doaj.org/toc/1843-2298https://doaj.org/toc/1844-8208I use a stylized scenario—the Big Box retailer Problem—to demonstrate that the presence of behavioural interdependence in economic markets may result in deficient outcomes that are both stable and supported by ongoing participant behaviour. I present a theoretical discussion of social dilemmas and use the Big Box retailer Problem to illustrate that these characteristics—stability and ongoing support—cannot be reliably employed as indicators of outcome efficiency. Equally important is the conclusion that upfront costs and the ongoing necessity of monitoring and encouraging contributory behaviour are not reliable indicators of the relative inefficiency of outcomes associated with collective action. Questions are raised regarding the ethical responsibilities of business educators and the implications of social dilemmas for corporate social responsibility research. Brent D. BealEditura ASE BucurestiarticleCorporate Social ResponsibilityBehavioural interdependenceEconomic marketsMarket failureSocial dilemmasEconomics as a scienceHB71-74DEENFRJournal of Philosophical Economics, Vol VI, Iss 1 (2012)
institution	DOAJ
collection	DOAJ
language	DE EN FR
topic	Corporate Social Responsibility Behavioural interdependence Economic markets Market failure Social dilemmas Economics as a science HB71-74
spellingShingle	Corporate Social Responsibility Behavioural interdependence Economic markets Market failure Social dilemmas Economics as a science HB71-74 Brent D. Beal Competitive markets, collective action, and the Big Box Retailer problem
description	I use a stylized scenario—the Big Box retailer Problem—to demonstrate that the presence of behavioural interdependence in economic markets may result in deficient outcomes that are both stable and supported by ongoing participant behaviour. I present a theoretical discussion of social dilemmas and use the Big Box retailer Problem to illustrate that these characteristics—stability and ongoing support—cannot be reliably employed as indicators of outcome efficiency. Equally important is the conclusion that upfront costs and the ongoing necessity of monitoring and encouraging contributory behaviour are not reliable indicators of the relative inefficiency of outcomes associated with collective action. Questions are raised regarding the ethical responsibilities of business educators and the implications of social dilemmas for corporate social responsibility research.
format	article
author	Brent D. Beal
author_facet	Brent D. Beal
author_sort	Brent D. Beal
title	Competitive markets, collective action, and the Big Box Retailer problem
title_short	Competitive markets, collective action, and the Big Box Retailer problem
title_full	Competitive markets, collective action, and the Big Box Retailer problem
title_fullStr	Competitive markets, collective action, and the Big Box Retailer problem
title_full_unstemmed	Competitive markets, collective action, and the Big Box Retailer problem
title_sort	competitive markets, collective action, and the big box retailer problem
publisher	Editura ASE Bucuresti
publishDate	2012
url	https://doaj.org/article/f845383816f8430ebbd16ee3e0019cce
work_keys_str_mv	AT brentdbeal competitivemarketscollectiveactionandthebigboxretailerproblem
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Competitive markets, collective action, and the Big Box Retailer problem

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