Repository logo
 
Publication

Responsible investment and responsible consumption

2021-12-21Preprint Open access
Simple item page
dc.contributor.authorHakenes, Hendrik
dc.contributor.authorSchliephake, Eva
dc.date.accessioned2021-12-23T15:36:31Z
dc.date.available2021-12-23T15:36:31Z
dc.date.issued2021-12-21
dc.description.abstractTo maximize their impact, socially responsible households can invest responsibly (SRI), consume responsibly (SRC), or do both. The key question of this paper is, which mix of SRI and SRC leads to a desired impact with the lowest loss of utility for responsible households. In a closed micro-economic model, we show that both strategies yield a symmetric impact, proportional to the responsible behavior. For the individual household, however, one strategy dominates the other depending on a condition on risk and product parameters. If responsible households can coordinate on socially responsible action, the welfare maximizing action is to completely abstain from consuming and investing in brown production if the negative externality is high. The coordination on "abstaining" becomes more likely the more households are responsible.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.2139/ssrn.3846367pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.14/36270
dc.language.isoengpt_PT
dc.subjectSocially responsible investment (SRI)pt_PT
dc.subjectEthical investmentpt_PT
dc.subjectSustainable investmentpt_PT
dc.subjectImpact investmentpt_PT
dc.subjectGreen investmentpt_PT
dc.subjectTransitionpt_PT
dc.subjectESGpt_PT
dc.subjectSPIpt_PT
dc.titleResponsible investment and responsible consumptionpt_PT
dc.typepreprint
dspace.entity.typePublication
oaire.citation.endPage32pt_PT
oaire.citation.startPage1pt_PT
rcaap.rightsopenAccesspt_PT
rcaap.typepreprintpt_PT

Files

Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
SSRN_id3846367.pdf
Size:
1.06 MB
Format:
Adobe Portable Document Format
Download

Collections

CUBE - Working Papers / Preprints