气候变化领域集成服务门户(CCPortal): UNDERSTANDING MARKETS WITH SOCIALLY RESPONSIBLE CONSUMERS

CCPortal

DOI	10.1093/qje/qjae009
	UNDERSTANDING MARKETS WITH SOCIALLY RESPONSIBLE CONSUMERS
	Kaufmann, Marc; Andre, Peter; Koszegi, Botond
发表日期	2024
ISSN	0033-5533
EISSN	1531-4650
英文摘要	Many consumers care about climate change and other externalities associated with their purchases. We analyze the behavior and market effects of such socially responsible consumers in three parts. First, we develop a flexible theoretical framework to study competitive equilibria with rational consequentialist consumers. In violation of price taking, equilibrium feedback nontrivially dampens the impact of a person's consumption on aggregate consumption, undermining the motive to mitigate. This leads to a new type of market failure, where even consumers who fully internalize the externality overconsume externality-generating goods. At the same time, socially responsible consumers change the relative effectiveness of taxes, caps, and other policies in lowering the externality. Second, since consumer beliefs about and preferences over their market impacts play a crucial role in our framework, we investigate them empirically via a tailored survey. Consistent with our model, consumers are often consequentialist, and many believe that they have a dampened impact on aggregate consumption. Inconsistent with our model, however, we also find many respondents who expect to have a one-to-one impact on aggregate consumption. Third, therefore, we analyze how such naive consumers modify our theoretical conclusions. They consume less than rational consumers in a single-good economy, but may consume more in a multigood economy with cross-market spillovers. A mix of naive and rational consumers may yield the worst outcomes.
语种	英语
WOS研究方向	Business & Economics
WOS类目	Economics
WOS记录号	WOS:001216635500001
来源期刊	QUARTERLY JOURNAL OF ECONOMICS
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/295041
作者单位	Goethe University Frankfurt; University of Bonn
推荐引用方式 GB/T 7714	Kaufmann, Marc,Andre, Peter,Koszegi, Botond. UNDERSTANDING MARKETS WITH SOCIALLY RESPONSIBLE CONSUMERS[J],2024.
APA	Kaufmann, Marc,Andre, Peter,&Koszegi, Botond.(2024).UNDERSTANDING MARKETS WITH SOCIALLY RESPONSIBLE CONSUMERS.QUARTERLY JOURNAL OF ECONOMICS.
MLA	Kaufmann, Marc,et al."UNDERSTANDING MARKETS WITH SOCIALLY RESPONSIBLE CONSUMERS".QUARTERLY JOURNAL OF ECONOMICS (2024).