Corporate social responsibility in a unionised duopoly

Abstract: It is commonly believed that the choice of adopting Corporate Social Responsibility (CSR) behaviours is beyond the scope of profit enhancement. In a unionised oligopoly with centralised wage setting and decreasing returns to scale technology, the present paper shows that the owners&#82...

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Autores principales:	Fanti,Luciano, Buccella,Domenico
Lenguaje:	English
Publicado:	Universidad de Chile. Departamento de Economía 2019
Materias:	Cournot Duopoly labour union corporate social responsibility
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862019000200227
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spelling	oai:scielo:S0718-528620190002002272020-01-07Corporate social responsibility in a unionised duopolyFanti,LucianoBuccella,Domenico Cournot Duopoly labour union corporate social responsibility Abstract: It is commonly believed that the choice of adopting Corporate Social Responsibility (CSR) behaviours is beyond the scope of profit enhancement. In a unionised oligopoly with centralised wage setting and decreasing returns to scale technology, the present paper shows that the owners’ choice of the CSR engagement level is dictated by the firms’ purely selfish profit-seeking objective. In fact, profits under CSR are higher than under the standard profit-maximising rule. Moreover, the union, consumers and the social welfare on the whole with CSR are higher than without CSR: the firms’ owners social concern leads to a Pareto-superior outcome.info:eu-repo/semantics/openAccessUniversidad de Chile. Departamento de EconomíaEstudios de economía v.46 n.2 20192019-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862019000200227en10.4067/S0718-52862019000200227
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Cournot Duopoly labour union corporate social responsibility
spellingShingle	Cournot Duopoly labour union corporate social responsibility Fanti,Luciano Buccella,Domenico Corporate social responsibility in a unionised duopoly
description	Abstract: It is commonly believed that the choice of adopting Corporate Social Responsibility (CSR) behaviours is beyond the scope of profit enhancement. In a unionised oligopoly with centralised wage setting and decreasing returns to scale technology, the present paper shows that the owners’ choice of the CSR engagement level is dictated by the firms’ purely selfish profit-seeking objective. In fact, profits under CSR are higher than under the standard profit-maximising rule. Moreover, the union, consumers and the social welfare on the whole with CSR are higher than without CSR: the firms’ owners social concern leads to a Pareto-superior outcome.
author	Fanti,Luciano Buccella,Domenico
author_facet	Fanti,Luciano Buccella,Domenico
author_sort	Fanti,Luciano
title	Corporate social responsibility in a unionised duopoly
title_short	Corporate social responsibility in a unionised duopoly
title_full	Corporate social responsibility in a unionised duopoly
title_fullStr	Corporate social responsibility in a unionised duopoly
title_full_unstemmed	Corporate social responsibility in a unionised duopoly
title_sort	corporate social responsibility in a unionised duopoly
publisher	Universidad de Chile. Departamento de Economía
publishDate	2019
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862019000200227
work_keys_str_mv	AT fantiluciano corporatesocialresponsibilityinaunionisedduopoly AT buccelladomenico corporatesocialresponsibilityinaunionisedduopoly
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Corporate social responsibility in a unionised duopoly

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