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Public discourse and socially responsible market behavior


Bartling, Björn; Valero, Vanessa; Weber, Roberto A; Yao, Lan (2023). Public discourse and socially responsible market behavior. Working paper series / Department of Economics 359, University of Zurich.

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.

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.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Department of Economics
Dewey Decimal Classification:330 Economics
JEL Classification:C92, D62, D83, M14
Uncontrolled Keywords:Public discourse, market failure, externalities, social responsibility, experiment, communication
Scope:Discipline-based scholarship (basic research)
Language:English
Date:July 2023
Deposited On:24 Aug 2020 08:17
Last Modified:18 Jan 2024 13:51
Series Name:Working paper series / Department of Economics
Number of Pages:42
ISSN:1664-705X
Additional Information:Revised version ; Auch erschienen als SSRN Working Paper No. 3677968
OA Status:Green
Related URLs:https://www.econ.uzh.ch/en/research/workingpapers.html
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3677968
  • Content: Published Version
  • Language: English
  • Permission: Download for registered users
  • Description: Version August 2020
  • Content: Updated Version
  • Language: English
  • Description: Revised version July 2023