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Toshihiro Matsumura and Akira Ogawa |
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''Corporate social responsibility and endogenous competition structure'' |
( 2016, Vol. 36 No.4 ) |
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We assume that firms care about corporate social responsibility (CSR) and revisit the endogenous choice between price and quantity contracts. We find that a significant (insignificant) asymmetric weight of CSR in their objectives yields Bertrand (Cournot) competition.
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Keywords: corporate social responsibility, Cournot, Bertrand, welfare-concern objective
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JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General H4 - Publicly Provided Goods: General |
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Manuscript Received : Jul 15 2016 | | Manuscript Accepted : Nov 09 2016 |
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