Public Discourse and Socially Responsible Market Behavior

43 Pages Posted: 9 Oct 2020 Last revised: 7 Aug 2023

See all articles by Björn Bartling

Björn Bartling

University of Zurich - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute)

Vanessa Valero

Loughborough University

Roberto A. Weber

University of Zurich - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute)

Lan Yao

Shanghai University of Finance and Economics - School of Economics

Date Written: July 30, 2023

Abstract

We investigate the causal impact of public discourse on socially responsible market behavior. Across three laboratory experiments, having market participants engage in public discourse generally increases market social responsibility. These positive impacts are robust to variation in several characteristics of the discourse and appear to be partly driven by strengthening beliefs that others support socially responsible exchange. However, relaxing requirements to engage in discourse sharply reduces its effectiveness. Our findings suggest that campaigns encouraging discussion of appropriate market behavior can have powerful impacts on addressing inefficiencies due to market failures, but that policies encouraging broad public engagement may be important.

Keywords: Public discourse, market failure, externalities, social responsibility, experiment, communication

JEL Classification: C92, D62, D83, M14

Suggested Citation

Bartling, Björn and Valero, Vanessa and Weber, Roberto A. and Yao, Lan, Public Discourse and Socially Responsible Market Behavior (July 30, 2023). Available at SSRN: https://ssrn.com/abstract=3677968 or http://dx.doi.org/10.2139/ssrn.3677968

Björn Bartling (Contact Author)

University of Zurich - Department of Economics ( email )

Zuerich, 8006
Switzerland

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Poschinger Str. 5
Munich, DE-81679
Germany

Vanessa Valero

Loughborough University ( email )

Ashby Road
Nottingham NG1 4BU
Great Britain

Roberto A. Weber

University of Zurich - Department of Economics ( email )

Zuerich, 8006
Switzerland

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Poschinger Str. 5
Munich, DE-81679
Germany

Lan Yao

Shanghai University of Finance and Economics - School of Economics ( email )

777 Guoding Road
Shanghai, 200433
China

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
232
Abstract Views
1,766
Rank
249,409
PlumX Metrics