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| Kosuke Hirose, Sang-ho Lee and Toshihiro Matsumura |
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| ''Environmental corporate social responsibility : A note on the first-mover advantage under price competition'' |
| ( 2017, Vol. 37 No.1 ) |
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| 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. |
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| Keywords: corporate social responsibility, implicit carbon price, first-mover advantage |
JEL: M1 - Business Administration: General
Q5 - Environmental Economics: General |
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| Manuscript Received : Nov 09 2016 | | Manuscript Accepted : Jan 26 2017 |
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