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Consumer-friendly Manufacturer, Vertical Contract and Domestic Welfare

消費者友好型廠商,垂直市場結構與進口國福利

摘要


This paper investigates the feasibility and desirability of foreign manufacturer's consumer-oriented CSR. We analyze a simple bilateral monopoly situation where the foreign manufacturer bargains with a domestic retailer on linear wholesale price. Intuitively, we find that foreign manufacturer's consumer-friendly behavior will realize higher consumer welfare and social welfare. With regard to firm's profitability, the result shows that under free trade, CSR always requires sacrifice of foreign manufacturer's profits: it seems not practicable for a privately beneficial solution. However, when home country sets strategic trade policy, the foreign manufacturer is found to have more incentive to implement CSR, because the consumer-friendly concern can mitigate government’s political hostility. To conclude, our model provides a theoretical rationale for foreign firm's CSR initiatives and bears practical implications for both far-sighted entrepreneurs and regulatory authorities.

並列摘要


本文旨在探討上游外國廠商承擔企業社會責任(CSR)對開放經濟體的影響。在垂直市場結構中,我們考慮上下游廠商採用談判的方式決定線性批發價格。首先,在自由貿易的情況下,上游外國廠商的“消費者友好”行為可以實現更高的消費者剩餘和社會福利;然而,主動承擔企業社會責任的舉措往往以利潤下降為代價,這種策略似乎對“消費者友好型”廠商沒有多少益處。其次,當我們將模型進行擴展,考慮到本國實行策略性貿易政策的情形。此時,上游外國廠商將有更多的激勵來承擔企業社會責任。重要的是,這種“消費者友好”舉措促進了消費者剩餘和社會福利的提升,將有效降低進口國的關稅壁壘,實現“企業——消費者——政府”的三贏。最後,我們的模型為外國廠商主動承擔企業社會責任提供了理論依據。通過福利分析揭示出的相關政策啟示,將有益於企業社會責任的培育和發展。

參考文獻


Spengler, J. J., “Vertical Integration and Antitrust Policy,” Journal of Political Economy, 79(4), 1950, pp. 347.
Brand, B. and M. Grothe, “Social Responsibility in a Bilateral Monopoly,” Journal of Economics, 115, 2015, pp. 1-15.
Brander, J. A. and B. J. Spencer, “Tariff Protection and Imperfect Competition,” In: Kierzkowski, H. (Ed.), Monopolistic Competition and International Trade, Oxford University Press, Oxford, 1984, pp. 194-207.
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Bulow, J. I. and P. Pfleiderer, “A Note on the Effect of Cost Changes on Prices,” Journal of Political Economy, 91(1), 1983, pp. 182-185.

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