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[During the last three decades, the corporation as an institution has increasingly become an object of solicitude in western capitalist societies. In particular, it is the concern that corporations and the industries they constitute create negative externalities for society, that is, they are...
[To develop a theoretical concept for answering the question of when self-regulation can reduce socially undesired practices of firms demands that one identifies the dynamics underlying the interaction of those who intend to self-regulate. This in turn requires having an understanding of what is...
[By working on the premises of the new institutional economics, this study ascribes to the idea that self-enforcing institutions are the result of strategic interaction between self-interested individuals,153.and interprets institutions as equilibrium states. Under the institutions-asequilibria...
[In order to integrate contextual knowledge with theory, the following chapter presents three case studies of self-regulation regimes. 250 Contextual knowledge refers to information about the type of incentives prevailing in the industry in question. By interpreting it with the theory developed...
[It shall be recalled what is meant by unethical: Practices in an industry – in the broadest sense the production and selling of goods and services – are deemed as unethical when some (or all) of the parts of society in which these firms are embedded in feel that these practices violate their...
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