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Kosuke Hirose, Sang-ho Lee and Toshihiro Matsumura
''Environmental corporate social responsibility : A note on the first-mover advantage under price competition''
( 2017, Vol. 37 No.1 )
We consider a model in which two firms choose whether to adopt environmental corporate social responsibility policies and then face Stackelberg competition under price competition. We show that the first-mover has the advantage, which is in contrast to the second-mover advantage typically seen in standard price competition models.
Keywords: corporate social responsibility, implicit carbon price, first-mover advantage
JEL: M1 - Business Administration: General
Q5 - Environmental Economics: General
Manuscript Received : Nov 09 2016 Manuscript Accepted : Jan 26 2017

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