The Impacts of Other-Regarding Preferences and Ethical Choice on Environmental Outcomes: A Review of the Literature

Ngo Long

Strategic Behavior and the Environment, 2016, vol. 6, issue 1-2, 1-35

Abstract: This paper reviews the literature concerning the impacts of other-regarding preferences and ethical choice on environmental outcomes when agents behave strategically. We consider two types of other-regarding preferences: (i) envy or status concern, (ii) altruism and inequality aversion. We contrast these preference-based approaches with the ethical approach in which some choices are made on ethical ground and thus are not necessarily utility-maximizing. Models exhibiting other-regarding preferences do not yield unambiguous results concerning the effects of strategic behavior on the environment. In contrast, models in which choices are motivated by Kantian ethics display more robust results.

Keywords: Corporate governance; Kantian equilibrium; other-regarding preferences; positional externalities (search for similar items in EconPapers)
JEL-codes: Q31 Q42 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (7)

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Working Paper: The Impacts of Other-Regarding Preferences and Ethical Choice on Environmental Outcomes: A Review of the Literature (2016)
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