The Vote With the Wallet as a Multiplayer Prisoner’s Dilemma

Leonardo Becchetti and Francesco Salustri

No 359, CEIS Research Paper from Tor Vergata University, CEIS

Abstract: Socially responsible consumers and investors are increasingly using their consumption and saving choices as a “vote with the wallet” to award companies which are at vanguard in reconciling the creation of economic value with social and environmental sustainability. In our paper we model the vote with the wallet as a multiplayer prisoner’s dilemma, outline equilibria and possible solutions to the related coordination failure problem, apply our analysis to domains in which the vote with the wallet is empirically more relevant, and provide policy suggestions

Keywords: Corporate Social Responsibility; Multiplayer Prisoner’s Dilemma; Voting with the Wallet (search for similar items in EconPapers)
JEL-codes: C72 C73 D11 H41 M14 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2015-11-08, Revised 2015-11-08
New Economics Papers: this item is included in nep-gth and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

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Working Paper: The Vote With the Wallet as a Multiplayer Prisoner's Dilemma (2015)
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